HSBC reviews NZ retail business in streamlining push

HSBC is also closing branches across the United Kingdom. (Image: Getty)

Thu, 01 Dec 2022

By Vinicy Chan, Jan-Henrik Förster and Harry WilsonHSBC Holdings is reviewing its New Zealand retail banking operations as the lender looks for ways to streamline its footprint while heading off calls for a full-blown breakup.The London-based bank is studying strategic options for the business, a spokesperson for HSBC confirmed in response to Bloomberg queries. “Like many organisations, HSBC regularly engages in business reviews to optimise our network operations for the long term,” the spokesperson said in a statement. &l...

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