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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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