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| Best Emerging markets bank: HSBC | |
| Also nominated: Citi and Standard Chartered |
The importance of the emerging markets to HSBC can be demonstrated through one statistic: more than 80% of the bank’s total underlying profits come from them. It’s largely because of HSBC’s performance in emerging markets that it was able to take on the chin its huge losses in North America ($4.05 billion before tax last year) and still make an overall profit large enough to make most banks green with envy ($7.1
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