HSBC sweet-talks investors

HSBC, 'the world's local bank', is turning into ... er ... just a big bank as it executes its strategy of focusing on regions that offer the sexiest growth prospects.

HSBC, 'the world's local bank', is turning into ... er ... just a big bank as it executes its strategy of focusing on regions that offer the sexiest growth prospects.

HSBC has issued an update of its huge restructuring. So far Britain's biggest bank has sold or exited 28 businesses since the beginning of 2011, releasing $55bn in risk-weighted assets.

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