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Flint prepares new strategy as HSBC puts troubled years behind it

At one point, the share price fell so low that Beijing-based ICBC, the largest bank in the world, drew up a proposal, seen by one senior HSBC staffer in China, to take over HSBC. That proposal never made its way to the HSBC board.

“Today, to acquire us would require a very large cheque,” says Mr Flint. “That is highly unlikely.”