You are here

Strategy mistakes a key reason for HSBC's Brazil exit

Thursday, June 11, 2015 - 05:50

Sao Paulo

BRAZIL simply proved too tough for "the World's Local Bank". Executives at HSBC Holdings plc's Brazilian unit put relationships with corporate clients before profitability, kept branches overstaffed and failed to protect profits from a deteriorating economy, analysts and

Powered by GET.comGetCom