Exclusive: HSBC CEO Quinn faces strategy rethink as coronavirus bites – source

Exclusive: HSBC CEO Quinn faces strategy rethink as coronavirus bites – source

"You can't fire a trader in Europe over the phone when he is either working from home or taking care of a sick family member," a second HSBC source said.. HSBC will review the social, economic and political impact of the virus, the first source said, adding that the bank could still decide to proceed with its existing plans.. The lender made reference to the impact of the virus at that time, but the magnitude of the crisis has grown exponentially since then.. Quinn, an HSBC veteran who has been interim CEO for the past seven months, was named to the job full-time on Tuesday minutes after the British government announced a 'wartime' spending effort to combat the impact of the coronavirus.. "You don't want to be seen dealing with regulators and shareholders almost on a daily basis, without a permanent CEO in place," the second HSBC source said..