HSBC has sold its US retail banking business, and is continuing to take the line that it is focusing on Asian markets, however it also means that its London based division, the world’s 6th largest interbank FX dealer by market share, is doubling down on FX and investment banking. Is Canary Wharf now so dominant that it will be once again a core business activity?
HSBC has sold its US retail banking business, and is continuing to take the line that it is focusing on Asian markets, however it also means that its London based division, the world’s 6th largest interbank FX dealer by market share, is doubling down on FX and investment banking. Is Canary Wharf now so dominant that it will be once again a core business activity?
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