HSBC Says It Stands to Gain as Rivals Lose Edge

Monks, Matthew
November 2009
American Banker;11/11/2009, Vol. 174 Issue 204, p16
Trade Publication
The article discusses a 2009 announcement from Brendan McDonagh, HSBC North American Holdings Inc.'s chief executive. In the announcement McDonagh indicated that he felt that a global financial crisis has created an opening for his division's international banking strategy in the United States. McDonagh also indicated that he felt that large U.S. banking firms appear to have lost an edge in the cross-border market as they deal with financial problems at home.


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