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The FTSE 100 remained weak this morning, easing to 4167.56, down 13.08 points at 11:30 am while the FTSE 250 retreated to 6245.65, down 117.94 points. Standard Chartered climbed to 789.5p, up 5.9 per cent or 44p as investors moved out of HSBC, which fell another 4.33 per cent or 25.5p to 563.25. By our calculations HSBC showed a 260 percent increase in volume as shares sank.

It should be a very interesting day for the Dow as JPMorgan Chase reported more losses. The market expects HSBC to do the same, putting more pressure on the bank. Even large banks with an international footprint are not immune from more hardship, as evidenced by Citigroup and JPMorgan Chase.

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HSBC Watch monitors HSBC customer trends for possible violations of Regulation Z and other possible illegal actions. We use your individual HSBC complaints and merchant complaint reports to perform trend analysis. We are not associated with HSBC, Household International, or their merchants. Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act. HSBC Watch was formerly known as Household Watch and is now part of the Lender Watch network.