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HSBC Loses Senior Traders in New York as Exodus Continues May 12 2021, 7:37 AM May 11 2021, 9:59 PM May 12 2021, 7:37 AM (Bloomberg) -- A swathe of senior traders have left HSBC Holdings Plc’s U.S. business in recent months as the bank restructures its operations in New York and around the world. (Bloomberg) -- A swathe of senior traders have left HSBC Holdings Plc’s U.S. business in recent months as the bank restructures its operations in New York and around the world. Head of credit trading for Latin America Omar Takriti is among the departures, along with head of equities for the...

ASX to drop amid broad global equities sell-off Share Australian shares are poised to drop amid a rout in overseas equities as worries about rising inflation in the US triggered broad selling. The latest monthly US consumer price data will be released early on Thursday AEST. ASX futures were down 45 points or 0.6 per cent to 7020 near 7am AEST; futures earlier fell as much as 95 points. The currency edged up. The yield on the US 10-year note was 2 basis points higher at 1.62 per cent at 4.59pm in New York. Europe shares tumbled with the FTSE 100 shedding 2.5 per cent on the day, with 99 of it...