Investment Profile
The globally diversified operations of HSBC Holdings Plc (HSBC) resulted in the bank faring better than many of its peers during the global financial crisis. However, over the last decade the firm has suffered from costly fines and litigation totaling more than $5.7B since 2000. HSBC has been working to improve efficiency and control costs across its sprawling banking system. Although some of the reforms required to modernize the bank have been completed, HSBC has still not demonstrated that it has been able to consistently grow earnings. As a result, its