HSBC Still Searching for CEO

HSBC has announced a $4.5 billion cost-cutting plan focusing on reducing operations in Europe and the US while expanding in Asia. The plan includes cutting equity sales, trading, and research operations, consolidating fixed income activities, and reducing retail outlets by 30% to focus on mobile banking. Additionally, HSBC is addressing executive structures to streamline management. The CEO position remains uncertain, with Noel Quinn acting as interim CEO, tasked with implementing the restructuring plan.

What is the primary focus of HSBC's $4.5 billion cost-cutting plan?

• Reducing operations in Asia

• Cutting costs in Europe and the US while expanding in Asia

• Increasing retail outlets in the Middle East

• Expanding operations in Europe and the US

How much does HSBC plan to reduce its retail outlets by?

• 10%

• 40%

• 20%

• 30%

What is HSBC's strategy for reducing costs in its retail operations?

• Increasing the number of physical branches

• Focusing on mobile banking

• Hiring more staff

• Expanding into new markets

Who is currently acting as the interim CEO of HSBC?

• Noel Quinn

• John Flint

• Mark Tucker

• Russell

What is the current status of the search for a permanent CEO at HSBC?

• A permanent CEO has been appointed

• The position has been eliminated

• The search is complete

• No clear frontrunner has emerged