Category: Economy

HSBC to exit US retail banking sector

HSBC announced Wednesday that it is exiting the retail and small business banking market in the United States, in line with its strategy to refocus on corporate and investment banking in Asia. The London-headquartered,...

The Necessary Evil: Cartels

In a capitalist and extremely competitive world, where monopolies stagger to flourish in countries, leave aside the globe, we have been witness to an oligopoly (market characterised by a small number of firms who...