Scale and diversity should be strengths. But for HSBC, arguably the last UK-listed lender still truly wedded to the universal banking model, the magnitude of its geographical reach and activities is proving more of a hindrance than help in pushing its shares to re-rate. On the one hand, the banking giant benefited from the same release of provisions for bad debts as domestically focused peers like Lloyds and Barclays. As a result, management has upped guidance and expects a net provision release this year. SponsoredThe global banking and markets business

Source: The Times August 02, 2021 15:11 UTC