Asia business won't be spun off, says HSBC chairman

Asia business won't be spun off, says HSBC chairman

FILE PHOTO: The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause

HSBC Chairman Mark Tucker told the bank’s shareholders in Hong Kong on Wednesday a spin-off of its Asian business will not happen.

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