HSBC Braces for Huge Overhaul

HSBC Braces for Huge Overhaul

Assessment

Interactive Video

Business, Life Skills

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses HSBC's anticipated restructuring announcement, which may include job cuts and a new CEO. Mark Tucker, the chairman, previously ousted John Flint, and Noel Quinn has been acting as CEO. The restructuring could affect trading operations and market exposure. Financial forecasts predict a stable profit, but challenges in Hong Kong due to trade wars, protests, and the coronavirus add uncertainty.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What major change is HSBC expected to announce?

A new branch opening in Asia

A merger with another bank

A major restructuring program

A new marketing strategy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who has been acting as the interim CEO of HSBC?

John Flint

Mark Tucker

Noel Quinn

Stuart Gulliver

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which markets is HSBC considering reducing its exposure in?

Greece and Oman

United States and Canada

China and Japan

Brazil and Argentina

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the forecasted profit for HSBC for the year?

25.3 billion

15.5 billion

21.8 billion

18.2 billion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What external factor is adding uncertainty to HSBC's outlook?

Brexit negotiations

The US presidential election

The European debt crisis

The coronavirus outbreak