A report on FT.com says HSBC Holdings plc (ADR) (NYSE:HSBC) (LON:HSBA) is the latest UK bank mulling a spinoff of its retail and commercial banking operations through a share offering, and that it has discussed the proposal with its board as well as investors.
Impending regulatory requirements require banks to shield their retail operations from the risks attached to their other businesses such as trading in currencies and commodities. The capital requirements for doing business in the UK are also likely to become more onerous.
HSBC joins the queue
It is no surprise, therefore, that HSBC Holdings plc...
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