Apr 16 2021, 07:40 AM
QUOTE(plouffle0789 @ Apr 16 2021, 07:02 AM)
Why such a big bank do that???
They want to reallocate their resources to focus on locations with more wealth QUOTE
Fraser, who is reporting results for the first quarter at the helm of the country’s third-biggest bank, wasted no time in making changes to the firm’s sprawling global operations. The bank is exiting consumer operations in Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam.
The plan is to focus its non-U.S. consumer banking operations on Singapore, Hong Kong, the UAE and London — places with a great concentration of wealth, according to Fraser.
The plan is to focus its non-U.S. consumer banking operations on Singapore, Hong Kong, the UAE and London — places with a great concentration of wealth, according to Fraser.
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