Europe's largest bank acknowledged big changes are coming when reporting its earnings Tuesday.
HSBC said it's looking to drive the majority of revenue from fee-based business as opposed to interest rates, as was previously the case.
Reuters has a nice round up on the news, along with some reaction about how it could be received by the market.
It's worth noting part of this shift in strategy could include more fees for standard banking accounts. With Britain being home to some of the most successful neobanks, that type of change won't be welcomed by customers.
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