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HSBC warns against talk of economic recovery

HSBC chief executive Michael Geoghegan yesterday warned it was too early to expect to see �green shoots� of economic recovery and cautioned that the restructuring of the banking sector has still to take place.

HSBC chief executive Michael Geoghegan yesterday warned it was too early to expect to see "green shoots" of economic recovery and cautioned that the restructuring of the banking sector has still to take place.