Friday, February 3, 2023

HSBC chair says European banks must become more efficient By Reuters


© Reuters. Mark Tucker Chairman of HSBC arrives at 10 Downing Street in London

FRANKFURT (Reuters) – The chairman of HSBC (L:), Mark Tucker, called on European banks to become more efficient, noting the effort raised the possibility of mergers and branch closures.

Tucker, speaking at a banking conference, said it was “imperative we take the hard decisions now to adapt” business models.

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