Its fair to say the Bank of Englands recent stress tests told us what we already know about HSBC (LSE: HSBA) (NYSE: HSBC.US) that its a very well-capitalised bank that should easily withstand a UK recession. However, this is a global behemoth, and its entirely possible that it could be hit by problems elsewhere although arguably any such concerns are already in the price.
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Owain Bennallack owns shares in HSBC. The Motley Fool UK has recommended HSBC Holdings. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.