Sep 21, 2020
HSBC: time warped
HSBC shares are trading at levels last seen in the 1990s. Another has alleged HSBC was one of several banks flagging suspect transactions to US authorities. HSBC's Hong-Kong listed shares still fell more than 5 per cent on Monday, extending their drop to more than 50 per cent this year. The lender wants to hire up to 3,000 wealth management employees for its mainland China business over the next four years. Bosses once teased the UK with suggestions HSBC might move headquarters to Hong Kong.
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