Banks must compete harder to recruit young people against their stronger aspirations to work in technology or health care. This is why banks such as Goldman Sachs are also bringing in an array of progressive benefits and why many are being forced to allow more flexible working.
East-West relations are a growing problem for HSBC Holdings, the bank with feet planted equally in each hemisphere.
US-China tensions have steadily ramped up, but while geopolitical discord threatens HSBC’s business, splitting the bank into a version of HSBC East and HSBC West as its largest shareholder, Shenzhen, China-based Ping An Insurance (Group), has proposed is no solution. It would only add costs or destroy revenue.
HSBC had answered the break-up question before Ping An raised it, by revealing more detail about how much of its Asian revenue comes from Western clients. Many of them would be less able or
(Bloomberg Opinion) This is one of a series of interviews by Bloomberg Opinion columnists on how to solve the world’s most pressing policy challenges. It has been edited for length and clarity.Paul J.