10/27/2008

Being ranked among the best-capitalised banks in the world is not enough to make HSBC and Santander shareholders comfortable, as an ever-deepening economic downturn unfolds. The banks are moving toward the sale of their capital-intensive train-leasing operations to bring in capital and polish their balance sheets. As a further move to conserve cash, HSBC is likely to cut dividend in half in 2009, analysts at Morgan Stanley said.

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