HSBC 'weighs plans' for high street bank sale

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HSBC could spin off its £20bn British retail banking operation, a move which could speed up its potential exit from the UK, the Sunday Times reports.

On Friday the bank announced it was examining whether to move its headquarters out of the UK, citing risks posed by the potential post-general election EU referendum. Senior sources told the Sunday Times the country's second largest retail banking outfit also weighing up whether to sell-off its UK retail operation.  Sources said the bank's "hand had been forced" by the ring-fencing scheme brought in after the financial crisis.  The schemes means lenders wil have to put their retail operations into separate companies, with different boards.  "If you can't control the retail arm, ...

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