Delivering growth amid falling interest rates, navigating tensions between China and the West, and managing HSBC’s exposure to China’s lingering bad loans crisis will be among the top challenges facing the bank’s new CEO Georges Elhedery.
Outgoing boss Noel Quinn addressed many long-standing problems at Europe’s biggest bank, selling underperforming businesses in markets such as Canada and France, and slashing its retail banking business in markets where it lacked scale.
Source: REUTER
