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HSBC: political risk towers over bank's structural review

HSBC Canary Wharf

So, marks out of 10, what would you award the UK and Hong Kong for “long-term stability”? We Brits win that one, surely, if we’re talking political stability: possible exit from the EU looks more comfortable than having the Chinese Communist party breathing down your neck.

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HSBC ordered to face $34bn lawsuits

HSBC was on Monday ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than $34bn of losses in the global financial crisis.

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