HSBC Loses £18 Bln Of Value Under New Regs

05 Mar 2012

HSBC Holdings stands to lose £18 billion ($28.57 billion) of its value, thanks to a new U.K. levy imposed on banks and legislation that would force banks to ring-fence their retail banking operations, according to Stuart Gulliver, new group ceo.

HSBC Holdings stands to lose £18 billion ($28.57 billion) of its value, thanks to a new U.K. levy imposed on banks and legislation that would force banks to ring-fence their retail banking operations, according to Stuart Gulliver, new group ceo.

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