What Is The Problem Faced By Managers In Hsbc Bank?
Answer:
Other than the challenges of having to manage the world's largest hill, with operations in around 32 countries and bank transactions in a plethora of foreign currencies, HSBC also had to tackle two key controversies this year. First, HSBC admitted to having lost confidential data on the vivacity insurance policies of 370,000 clients. This certainly served as a public relations debacle. Then, the banking giant angered Britain's Japanese minority, when they used a white manly to depict Sumo wrestling, but applied make-up in such a way as to clear him appear Asian. These incidents put pressure on managers to improve supervision of employees lower than their direction.
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