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HSBC Will Miss Targets Next Year: Expert

Monday, 30 Jul 2012 | 2:40 AM ET

"I think HSBC will see a slight miss in earnings as ever with HSBC if you strip out all of the noise I think the problem is going to be a lack of balance sheet growth if you go back to the first quarter which was a decent set of numbers the one problem was customer loans only grew by 0.5 percent," Ian Gordon, head of banks research at Investec Securities, told CNBC.