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CNBC

HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.

CNBC
Summary
Nutrition label

78% Informative

HSBC preparing to wind down its M&A and equity capital markets businesses in Europe , U.K. and U.S. The news comes as HSBC CEO Georges Elhedery embarks the lender on a broader overhaul targeting cost-cutting efforts.

London -listed shares of HSBC were down 0.36% at 10:41 a.m. London time.

VR Score

86

Informative language

89

Neutral language

82

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links