HSBC Hong Kong shareholders mull legal action over dividend scrapping
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HONG KONG (Reuters) - HSBC shareholders in Hong Kong are mulling calling for an extraordinary meeting with management and taking possible legal action against the bank's scrapping of dividend payments.HSBC and other top British banks on Wednesday announced the suspension of payouts after pressure from the regulator to save their capital as a buffer against expected losses from the economic fallout from the coronavirus pandemic.Founded in Hong Kong about 150 years ago as Hongkong and Shanghai..