Will HSBC Be The First Big Bank To Voluntarily Break-Up? The first of many such changes, says Edge Consulting COO Ryan Mendy.

Will HSBC Be The First Big Bank To Voluntarily Break-Up? The first of many such changes, says Edge Consulting COO Ryan Mendy. Reports that HSBC may spin-off its retail division could be the first of many such changes, says Edge Consulting COO Ryan Mendy. By Michael Ide, Staff Writer at ValueWalk: Earlier this year The Edge Consulting Group COO Ryan Mendy said that we see diversified banks spin off their retail banking divisions in the next year or two, and it looks like the first such deal could be around the corner. The Sunday Times reported yesterday that HSBC Holdings plc (ADR) (NYSE:HSBC) (LON:HSBA) is considering selling its retail division worth around $30 billion as part of a...