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Corrections by Sir John Bond

  • Correction

    Friday, March 11, 2011

    I accept ultimate responsibility for HSBC's purchase of Household; it is worth noting that a significant part of the losses came from businesses started after the acquisition. However this is not balanced reporting of the value creation during my term either on the Board or as Chairman. The investments of around $4 billion made in China alone have made gains of at least 2.5 times the Household losses. During my tenure as a Director of HSBC its market cap went from $4.5 bn to $200 bn, I was part of the team who produced this remarkable growth.

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  • Correction

    Wednesday, August 17, 2011

    I wish to correct my entry in Wikipedia. I was born on 24 July 1941. I am not The Honourable. I joined The Hongkong and Shanghai Banking Corporation at the age of 19, not 21. I have not worked in the Middle East. I was posted to New York, not Buffalo. I spent one year in the USA as an English-Speaking Union scholarship student at Cate School, near Santa Barbara, California, not two years.

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