No longer feared as 'too big to fail', shareholders are weighing whether HSBC is now 'too big to succeed', and want to know next week how the bank's bosses propose to increase profitability at a sprawling group beset by huge costs.
'This investor day is potentially a very significant event', said Chris White, head of UK equities at Premier Asset Management, which owns HSBC stock. 'The world has moved against them and HSBC has to try to react to that. That is why we could end up seeing some quite radical surgery here'.
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