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Gulliver commits to HSBC Private Bank being a separate business unit

Putting an end to months of speculation in the industry, HSBC chief executive, Stuart Gulliver reiterated the group’s commitment to the private bank, despite it contributing only 3% to revenues.  Gulliver insisted that the private bank’s standalone status would remain unchanged as it represents a core part of the bank’s value proposition. The 55-year old chief executive assured onlookers that…

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