News Snapshot:
MUMBAI, Aug 1 (Reuters Breakingviews) - Noel Quinn is giving up his modesty. On Tuesday, on the back of estimate-beating earnings for the second quarter of the year, HSBC’s (HSBA.L), (0005.HK) boss declared his strategy is working and upped his targets for the bank. His next challenge is to convince shareholders that the recent improvements in performance by the $160 billion lender after a decade of disappointments are sustainable. The turnaround Quinn launched shortly after taking charge of the London-headquartered bank in 2019 is gaining momentum. In the three months to the end of June, HSBC almost doubled its pre-tax...
