(Bloomberg Opinion) — HSBC Holdings Plc will need more than a nip and a tuck if it’s to ease Chairman Mark Tucker’s envy of his JPMorgan Chase & Co. counterpart Jamie Dimon.Tucker told managers recently that more than 30% of HSBC’s capital was generating returns of less than 1% and singled out the American bank as a template to emulate. At roughly $2.75 trillion in total assets, the rivals are similar in size. Yet under Chairman and CEO Dimon, JPMorgan ekes out 1.3% on assets while Europe’s largest lender routinely struggles to garner even half as much.The latest period was …read more
Source:: Yahoo Finance
