TITLE

HSBC Says It Stands to Gain as Rivals Lose Edge

AUTHOR(S)
Monks, Matthew
PUB. DATE
November 2009
SOURCE
American Banker;11/11/2009, Vol. 174 Issue 204, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
45137606

 

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