HSBC expected to announce £12bn rights issue

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HSBC expected to announce £12bn rights issue

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03-02-2009, 10:09 AM

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HSBC expected to announce £12bn rights issue

HSBC, which is set to announce full-year profits this week, is expected to reveal plans for a £12 billion rights issue - the largest ever held in Britain.The bank, which is Europe’s largest, is expected to disclose a 22% fall in 2008 profits. Last August, it revealed a 28% fall in half-year profits despite it [...]

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