" that the proposals reflect a longer-term issue "that's not likely to go away for HSBC." He predicted the bank will continue to see activist or leading shareholders putting pressure on management going forward.
"It would make sense to simplify the structure. However, as a bank, it's not easy to simplify it," he said.
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Asia stocks in the red as traders wait on the FedAsia's stock markets fell in thin trade on Wednesday, as investors contended with signs of a softening U.S. economy, and were in full flight from U.S. regional lenders, ahead of an expected U.S. interest rate hike later in the day.
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