HSBC Holdings Plc will shift billions of dollars of investment to Asia’s faster growing economies as it looks to become the go-to bank for the region’s wealthy. The London-based bank said it would divert capital from its investment bank in Europe and the US to fund the expansion of its Asian businesses. Europe’s largest lender said it would spend more than $6bn over the next five years to expand its Asian operations, in particular its wealth management arm. “We are going to stop trying to be everything to everyone,” said Chief Executive Officer Noel Quinn, speaking on a call with analysts. “The new story here is Asia wealth.” The bank said it expected Asia’s share of group capital to rise f
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