Citing three people familiar with the project,
the FT said the plan was at an early stage but the matter had
been discussed with investors and informally at board level.
The paper added that investors estimate such a business could
float with a market capitalisation of about 20 billion pounds
($32.7 billion). (http://link.reuters.com/paj35v)
Representatives for HSBC could not be reached for comment late
The British government said in October that it would accelerate
the process of splitting up any bank that tries to circumvent
new rules designed to ringfence their retail operations from
riskier investment banking activities.
(Reporting by Richa Naidu in
Bangalore; editing by Edwina Gibbs)
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