HSBC Stumbles in Bid to Become Global Deal Maker

The Wall Street Journal, Carrick Mollenkamp, 5 October 2006Just before Christmas 2004, John Studzinski, the co-head of HSBC Holdings PLC's new investment bank, warned his bankers how intensely they needed to chase big deals to transform the company into a top global player."There has to be an element of urgency, an element of guilt, an element of competition, an element of 'I'm responsible,'"