HSBC considering spinning off British retail bank: Sunday Times

April 26, 2015 6:36 PM

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HSBC considering spinning off British retail bank: Sunday Times

(Reuters) - HSBC (HSBA.L), Europe's biggest bank, is weighing plans to spin off its British retail bank in a 20 billion-pound ($30.37 billion) deal, the Sunday Times reported.

Directors at the bank are considering the future of its UK retail operations, the newspaper reported, citing senior sources.

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