HSBC concern about Eurozone Crisis

HSBC, Europe’s biggest bank, revealed that the eurozone crisis and increased regulation could affect its future performance.

HSBC bankEurope’s biggest bank, HSBC, has hinted that a combination of the eurozone crisis and increased regulation could have an adverse effect on its future performance.

“There remain factors affecting our performance that are beyond our immediate control – from the eurozone to the future regulation of the industry – we have gained real traction over the past year in those areas we can control,” Chief Executive Stuart Gulliver told the bank’s annual meeting in May.

In order to prevent a deficit, the bank is now looking to deploy capital in markets where it can expect higher growth.

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