A Swiss International aircraft flies past the HSBC headquarters building in the Canary Wharf financial district in east London February 15, 2015. REUTERS/Peter Nicholls
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In public, finance industry leaders have bailed on a key Saudi investment conference next week.Wall Street firms such as Morgan Stanley and Citigroup Inc., which have yet to publicly signal their intentions, are also expecting to send executives, people familiar with the companies said, asking not to be identified because the details are private.Relations with Saudi Arabia are of key importance for banks including London-based HSBC. The bank is one of the most active international banks in the kingdom and has been a top adviser for IPOs since 2010, according to data compiled by Bloomberg.Earlier this year, the Saudi crown prince asked HSBC chief John Flint and other British bank leaders for an impromptu meeting in London, people with knowledge of the matter said. The head of Deutsche Bank AG is still scheduled to attend, along with Siemens AG, two of Germany's biggest companies.
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