Report: HSBC to Scale Back Retail Banking in Mexico, Malaysia and Indonesia

HSBC is reportedly considering scaling back its retail banking operations in Mexico, Malaysia, Indonesia and some other countries.The bank is considering focusing only on wealthier clients in these markets as it looks to cut costs and focus on its core markets, which are the United Kingdom and Hong Kong, the Financial Times (FT) reported Thursday (Dec. 12), citing unnamed sources.No decision has been made on these changes, according to the report.HSBC did not immediately reply to PYMNTS’ request for comment ...