HSBC’s Green does not US bank like stress tests
At this to the list of things HSBC doesn’t like, would do in another way, or could do in a better way:
The U.S. strategy was “not the way to instill confidence in the process,” Stephen Green, chairman of HSBC Holdings PLC, said in an interview Monday, noting the haggling between banks and regulators.
Some analysts say openness boosted the credibility of the U.S. stress tests, and last week’s results, in the eyes of some analysts and investors. HSBC, on the other hand, prefers the discreet approach. (Discreet can also be defined as finding a way to cover things up in a back-room deal. Failing that, discreet means paying the fine without admitting responsibility.)