Page 28 - HSBC (D) Teaching Note

The decisions by the U.S. and British regulators were

major policy decisions that will impact directly on

following generations. Perhaps living up to the view that

the rich get rich and the poor get jail time.

What Should HSBC Do?

• Gulliver had already departed from HSBC’s history of

growth by acquisition when he instigated the

recovery process by pulling the bank out of 77

countries or businesses through sales or closures.

• HSBC still needs to work to gain trust of its

customers and its shareholders.

• HSBC also needs to become leaner, more cost
efficient and effective. This is likely to manifest in a

switch in business orientation from the west to the
east. Especially as it disposes of weak elements in its

portfolio of businesses.