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HSBC to field questions on US retail banking exit at Friday s AGM
Friday is a quiet day for scheduled corporate announcements and macroeconomic data; a good opportunity, perhaps, to make the long weekend even longer?
Banking giant HSBC Holdings PLC (LON:HSBA) is holding its (virtual) annual conflab on Friday.
The HSBC annual general meeting comes after the bank revealed on Thursday it would exit the US retail banking market.
The company has a chequered record in the US – if your concept of chequered is a draughts board where 58 of the 64 squares are red – and the strategy is in line with its increased focus on international banking and wealth management.
Investegate |Wameja Limited Announcements | Wameja Limited: HomeSend KPI Update investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.