HSBC's Green: world needs banks "big enough to cope"

Structure is more important than size in determining the risk a bank poses to the financial system, HSBC's chairman Stephen Green argued today.

Green was speaking in London as the bank announced a 2% increase in net profit for 2009. The bank made $5.83 billion, up from $5.73 billion a year ago, though, according to a Bloomberg survey, analysts were expecting a $7.71 billion net profit.

"The discussion has taken on an unhelpful shorthand of ‘too big to fail' but reality is more complex than this

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact in[email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: