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Old 01-21-2009, 12:03 AM
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Post HSBC turns down financial support from Government

Banking giant HSBC has rejected the Government’s offer of emergency funding.The UK’s largest banking group said it had not sought capital support from the UK Government and cannot envisage circumstances where such action would be necessary.Unlike other banks, HSBC has been relatively unaffected by the credit crisis due to its focus on emerging markets business. [...]

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