FlyerTalk Forums - View Single Post - HSBC Premier vs CitiGold

Mar 13, 2011 | 4:02 pm

#10

mia

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This WSJ article published March 10, 2011 reports that HSBC Holdings PLC will slow its push for new clients of HSBC Premier.... As of the end of 2010, Premier had netted 4.4 million new accounts. When the Premier marketing push was touted in early 2008 ... the goal was to expand until 2012 and capture a total of 6 million new accounts....The bank doesn't break out the cost-income ratio for the Premier service...[but] In 2010, in Europe and the U.K, the retail bank's cost-income ratio—a key measure of efficiency—was 67%, which is 10 to 20 percentage points higher than its U.K. peers ... The bank now wants to make its existing clients more profitable by pitching more of HBSC's wealth-management services to Premier customers,

http://online.wsj.com/article/SB1000...googlenews_wsj

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