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HSBC's global equities chief Hossein Zaimi is leaving the bank, two sources with direct knowledge of the matter said on Friday, in the latest revamp of the lender's troubled investment banking operations.
After the closure, HSBC still operates 11 outlets in the city.Shares of HSBC fell 1.9% in Hong Kong as of 9:48 a.m., extending this year’s decline to 42%. HSBC was thrust further into the spotlight with new evidence presented last week.