HSBC welcomes government plan, won’t ask for capital

LONDON (MarketWatch) — HSBC Holdings said Wednesday that it welcomes the government’s measures to strengthen the U.K. banking sector, but said it doesn’t plan to utilize the recapitalization initiative. Instead HSBC said it will use “internal resources” to ensure it complies with Tier 1 capital requirements. The bank added that on Tuesday it lent around 2 billion pounds on a three-month and six-month basis to other banks and expects to be very active in the London interbank market again on Wednesday.
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Original post by Forextvblog

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