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HSBC Exclusive: $1bn Loss in Unit Sale Explained

HSBC Canada Square, Canary Wharf. Global headquarters of the one the world’s largest banking and financial services organisations. PHOTO: Verdict/ALP
HSBC Canada Square, Canary Wharf. Global headquarters of the one the world’s largest banking and financial services organisations. PHOTO: Verdict/ALP

This deal, valued at $550 million, is a key move in HSBC’s ongoing effort to concentrate on burgeoning markets, especially in Asia. Despite the strategic

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