HSBC CEO Gulliver: 10% ROE Is Probably New Goal

The transcript discusses global changes, particularly in relation to Trump, and their impact on tolerance and appreciation. It covers revisions in capital and leverage rules, challenges in the banking industry, and the cost of equity. The discussion also includes return on equity, banking models, and the dynamics of competition among global and regional banks.

Who does the speaker identify as competitors in the banking sector?

What does the speaker suggest about the future of global versus regional banks?