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Europelenders back away from targets again

They say they'll need more time to reach their ROE goals after Brexit vote
Monday, August 8, 2016 - 05:50
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HSBC abandoned a target of surpassing a 10 per cent return on equity by the end of next year, citing economic and political uncertainties.

London

EUROPEAN banks have pushed back profitability targets so many times, the dates are now more placeholders than deadlines.

Eight years after the financial crisis hit its peak, several of the region's lenders said that they'll probably need more time to reach the return on