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

Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four business units.
CNBC - 2d
HSBC to exit parts of investment banking business in UK, US and Europe

Lender to wind down in businesses where it has struggled to compete with rivals
Financial Times - 2d