HSBC ALL SET TO WITHDRAW FROM US RETAIL BANKING

Highlights

• This withdrawal will form part of the lender’s strategy update which is due on Tuesday, while CEO Noel Quinn is looking to cut down costs, boost fee income and continue the lender’s shift towards Asia

• According to the bank, Michael Roberts was appointed as the CEO for the US and Stephen Moss will be moving to Dubai as head of business in Turkey, Middle East and North Africa

Acc....