Spotting a niche, HSBC used its prowess in currency trading to produce two notes that soldwell - the Dual Currency and Triple CurrencyDeposits - while its competitors werecaught up dealing with the fallout from theLehman collapse.
"We had an effective strategy, which was clearly focused on foreign exchange trades," says Gifford Nakajima, senior vice-president and head of product development at HSBC Premier in Tokyo. "Lehman sent shock waves through the market. Suddenly, guarantees on principal-p
The week on Risk.net, July 14–20, 2017Receive this by email