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Your Evening Briefing

Here are today’s top stories for Europe.
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HSBC's Mackay on Earnings, China, Europe, Brexit

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HSBC posted a second quarter of revenue growth and announced plans to return another $2 billion to investors, indicating that departing boss Stuart Gulliver's effort is bearing fruit after five years of declining revenue. Europe’s largest bank also became the first to spell out its potential price tag for Brexit: $300 million in legal and relocation fees to move 1,000 staff to Paris. — Leila Taha and Andy Reinhardt