William Bratton is author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.
Storied bank's future has implications for the geography of global banking


HSBC's logo in Hong Kong: The risks facing international banks have increased significantly. © AP
William Bratton is author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.