Here's Why Global Banking Empires Are Shrinking
Interactive Video
•
Business
•
University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
The video discusses how major global banks like Citigroup and HSBC have scaled down their operations to focus on high net worth individuals and institutional investors. Citigroup has reduced its global retail presence significantly since the financial crisis, while HSBC has shifted its profit focus from retail to corporate and investment banking. This trend is also evident in the US, where banks are closing branches in less profitable areas to concentrate on major cities.
Read more
2 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 1 pt
What impact did the shift in strategy have on Citigroup's workforce?
Evaluate responses using AI:
OFF
2.
OPEN ENDED QUESTION
3 mins • 1 pt
What strategy are banks like Citigroup and HSBC adopting regarding their customer base?
Evaluate responses using AI:
OFF
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
