*Branding.
While it is certainly a global company, HSBC came late to the game on
deciding to perform an integrated marketing strategy and capitalize on
its global brand. Because it had set up so many different banks in
different countries at different times over a hundred year period, it
set them up under different names-- Hong Kong Bank of Canada, British
Bank of the Middle East, HSBC Banco Roberts. Not even all of these
banks, prior to 1998, carried the HSBC logo. In 1998, they were all
branded together, but the previous lack of branding and the name
changes may have hurt HSBC in brand recognition. Customers may have
thought that HSBC was taking over their local bank and not realized
that HSBC had already been serving them for decades. In any case, the
re-branding was an overdue move that should have occurred before 1998.
*Record profits ending.
As is usually the case, record profits can only last so long. HSBC
announced in December 2006 that it was doing just as well as last
year, but not as well in revenues. It announced that each year, its
bad debt rises. Other banks' shares fell as well on the news.
*Branding.
While it is certainly a global company, HSBC came late to the game on
deciding to perform an integrated marketing strategy and capitalize on
its global brand. Because it had set up so many different banks in
different countries at different times over a hundred year period, it
set them up under different names-- Hong Kong Bank of Canada, British
Bank of the Middle East, HSBC Banco Roberts. Not even all of these
banks, prior to 1998, carried the HSBC logo. In 1998, they were all
branded together, but the previous lack of branding and the name
changes may have hurt HSBC in brand recognition. Customers may have
thought that HSBC was taking over their local bank and not realized
that HSBC had already been serving them for decades. In any case, the
re-branding was an overdue move that should have occurred before 1998.
*Record profits ending.
As is usually the case, record profits can only last so long. HSBC
announced in December 2006 that it was doing just as well as last
year, but not as well in revenues. It announced that each year, its
bad debt rises. Other banks' shares fell as well on the news.
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