Patrick Nolan, chief executive officer for HSBC Global Banking and Markets in the Americas, speaks during an interview in New York, U.S., on Friday, June 28, 2013. HSBC Holdings Plc, Europe's biggest bank, and Citigroup Inc. won approval from China's securities regulator to sell domestic mutual funds, expanding their scope of financial services in the local market. Photographer: Scott Eells/Bloomberg via Getty Images