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HSBC HOLDINGS Shareholders Reportedly Back Group's Exit from Some Americas & Europe Investment Banking Biz
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Four shareholders of HSBC HOLDINGS (00005.HK), including two of its 20 largest shareholders, said that the Group's decision last month to exit its mergers and equity capital markets businesses in the Americas and Europe was reasonable, believing that the Group should focus on its core Asian market businesses, according to Reuters. As US tariffs threaten the profitability of HSBC HOLDINGS, pressure is mounting on CEO Georges Elhedery to shift the Group's capital into Asian economies with a healthier trade outlook, the report quoted shareholders as saying. AAStocks Financial News |
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