Qube Research & Technologies, a London-based hedge fund, has taken a GBP 670M bet against HSBC shares, The Financial Times’ Costas Mourselas and Stephen Morris report. The position, which equates to 0.57% of HSBC’s market cap, was taken on Tuesday, according to data reported to the Financial Conduct Authority. The bet is one of the biggest ever taken against a big four UK bank, according to FCA data.
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