Question
Which of the following statements is incorrect about the global business of HSBC Holdings? a. HSBC senior management is only 36% British, down from 98%
Which of the following statements is incorrect about the global business of HSBC Holdings?
a. | HSBC senior management is only 36% British, down from 98% in early 1980s. | |
b. | HSBC shares trade in London, Hong Kong and New York. | |
c. | HSBC was hit badly by the pandemic due to lockdowns in Hong Kong and China. | |
d. | HSBCs biggest revenue generators are Hong Kong/China but its balance sheet is published in US dollars and its primary regulator is the Bank of England. | |
e. | HSBC has acquired banks worldwide such as Republic Bank, BBME, Marine Midland, Credit Commercial de France, Samuel Montagu etc. | |
f. | HSBC is expanding its branch network in the US after record profitability. |
When a client of Credit Suisse wants to list the company he/she founded on the Zurich stock exchange, which of the banks divisions will he/she need to contact at a very senior level?
a. | The trade finance division. | |
b. | The investment banking division | |
c. | The foreign exchange trading division | |
d. | The internal audit division | |
e. | The asset management division. |
Which of the following is not an accurate statement about Barclays global investment banking business?
a. | Barclays wants to increase its advisory business in sectors like healthcare and technology. | |
b. | Barclays wants to reduce its investment banking coverage in Europe, Middle East and Africa (EMEA). | |
c. | Barclays is targeted by an activist investor Edward Bramson who wants it to sell its entire investment bank and focus on less risky retail banking. | |
d. | Barclays wants to increase its focus on financing companies that do not worsen climate change. | |
e. | Barclays is a 300 year plus UK bank that is the only British bank to boast global investment banking platform. |
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