Quinn's(pic) decisive move to slash costs proved instrumental in securing him the top spot at Europe’s largest lender but those plans, including the axing of 35,000 jobs and shuttering of underperforming businesses, may prove difficult to implement while the world grapples with the fallout from the coronavirus pandemic.
LONDON/HONG KONG: One of Noel Quinn's first jobs as chief executive of HSBC will be to review the radical revamp he unveiled last month as interim boss, a senior source at the bank said.
Quinn's decisive move to slash costs proved instrumental in securing him the top spot at Europe’s largest lender but those plans, including the axing of 35,000 jobs and shuttering of underperforming businesses, may prove difficult to implement while the world grapples with the fallout from the coronavirus pandemic.
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