HSBC to prune global operations
HSBC Holdings CEO John Flint and Chairman Mark Tucker are considering shrinking the bank's global imprint even further. This is a part of the bank's plan set to be revealed over coming months, according to people with knowledge of the discussions. Mr Flint, who took over in February, is reviewing as many as a quarter of the 67 countries the bank operates in and is mulling an exit or sale from smaller consumer operations, such as Bermuda, Malta and Uruguay. The CEO is also looking at expanding the bank's asset management unit.