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Garnry on HSBC: 'Not the horse you want to bet on'

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Saxo Bank's Head of Equity Strategy is a little worried about HSBC, which announced a big and surprise fall in profits this Monday.  He says there's a risk the global banking giant may have to go out and ask shareholders for more capital and that's a big concern for investors, he says. 
HSBC has particular problems, says Peter, not least because of its exposure to China and the rest of Asia. He suggests there are better banks out there which could give traders a better, long-term return.