Operates key investment banking businesses

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Our US Intermediate Holding Company (IHC) received positive feedback from the US Federal Reserve on the IHC's first-ever public stress test submissions, indicating the strength of the IHC's capital position. The IHC. which we established in 2016. is an umbrella holding company for our US subsidiaries including the US broker-dealer that operates key investment banking businesses and the entity that operates Cards and Payments in the US.

Reference no: EM133208284

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