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HSBC looks to global loan book to boost profits
Add BT as a preferred sourcePublished Tue, Dec 8, 2015 · 09:50 PM
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New York
HSBC is looking to boost investment banking profits by packaging more of its loans into bonds and selling them to investors in the United States.
Post-crisis regulations have made it more expensive for banks to retain loans on their balance sheet. To reduce the amount of capital it has to set aside to cover potential losses, Europe's largest bank is looking to repackage loans sold in Asia, Africa and the Middle East as bonds.
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