Increasing focus on emerging economies
Evident to HSBC's planned measures is the sale of 195 American retail banking branches to First Niagara Bank for $1 billion
Divesting a large part of its 470 retail locations currently operational in the United States
Shifting attention to Asia and Latin America: Wealth management and retail banking revenue growing quite rapidly in those areas
Come to terms with stringent regulatory reform at a time when global economic recovery remains uncertain