Banks forgot their wider social duties: HSBC's Green

stephen-green-hsbc

The financial crisis has shed light on the need for banks to reexamine their responsibilities and broaden their understanding of shareholder value, Stephen Green, the UK's newly appointed trade and investment minister, said on Monday.

Green, who is due to step down as chairman of HSBC, a bank, by the end of the year in order to take the government role, said it was "so obvious" that banks had dropped social responsibility in defining their duties, adding "most would now agree that it is part of

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