Quotes from the news wire:
There is a significant risk of a capital raise given the relatively weak capital position of the bank and the imminent stress tests.
Every bank wants to do private banking because they look at the big Swiss banks and see the scale of money they make, and think even if they could get a tiny slice of that pie, it would move earnings materially.
The politics in the UK is getting messier at the same time when bank CEOs are being pressurised by investors to improve returns. In this environment...we see HSBC and Standard Chartered taking flight.
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