HSBC in bid to raise £12.5bn

Banking giant HSBC today called on shareholders for a record £12.5bn (€14.1bn) after profits slid 62% last year.

HSBC in bid to raise £12.5bn

Banking giant HSBC today called on shareholders for a record £12.5bn (€14.1bn) after profits slid 62% last year.

HSBC wants the extra cash to shore up its finances after unveiling bad debt provisions totalling a mammoth $24.9bn (€19.7bn).

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