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HSBC is reluctant to become smaller. It is cutting jobs and assets, but then adding them elsewhere. Lex’s Robert Armstrong and Lombard’s Matthew Vincent discuss the risks of staying big.

► FT Business Archive 1: http://bit.ly/1FUxm4N

► FT Markets: http://bit.ly/1GgURZj

► Crucial Week For Currencies: http://bit.ly/1JHwg3H

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