Hsbc To Scale Back Asian Operations

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Geoff Thomas
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HSBC is set to scale back its Asian operations as it considers the sale or closure of seven Asian retail businesses from Pakistan to New Zealand, where it has decided to no longer focus investment.In Asia, HSBC has a string of markets where it only has between about 10 and 20 branches, which are now likely to be sold or shut. These are Bangladesh, Brunei Darussalam, Macau, New Zealand, Pakistan, the Philippines and Sri Lanka.

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