HSBC draws attention with reg cap shake-up

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HSBC draws attention with reg cap shake-up

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A view of a HSBC branch in London. | KIrsty O'Connor/PA Wire/PA Images

HSBC announced changes to clean up its regulatory capital profile in results last Friday. But it was accused of favouring shareholders over debtholders by issuing additional tier one (AT1) debt at the same time as buying back equity.

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