4 ms·
I don't think the plan to exit the US consumer market was because of the pandemic. I remember there had been talks of exiting the US market even in 2019 ( rando
by humanlion87 5y ago
I don't think the plan to exit the US consumer market was because of the pandemic. I remember there had been talks of exiting the US market even in 2019 ( random article I pulled up after a google search -https://www.thehindubusinessline.com/money-and-banking/hsbc-warns-of-restructuring-pain/article29812569.ece https://www.thehindubusinessline.com/money-and-banking/hsbc-... ). I think their US banking operations had been performing badly for some time now. Maybe the pandemic could have accelerated things.