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
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