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HSBC chief sets some tough targets; the world's second biggest banking group HSBC is...

AS JOHN BOND, CHAIRMAN OF HSBC Holdings Plc, gazes eastward from the bank's 10th floor executive office suite, he can see two towers looming over the London skyline.

One will house HSBC's London-based staff later this year.

Next to it is a skyscraper that serves as Citigroup Inc's European headquarters. While the two buildings are roughly the same height, Citigroup dwarfs HSBC in assets, income and market clout. It wasn't supposed to be that way.

In 1997, HSBC earned $5.5 billion, more than any other bank in the world. Bond's predecessor, William

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