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HSBC investors back CEO's investment banking retrenchment

HSBC investors back CEO's investment banking retrenchment

FILE PHOTO: HSBC Bank logo and decreasing stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as U.S. President Donald Trump’s deregulatory agenda fuels hopes for a boom in capital markets activity.

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