BUZZ-HSBC: weakness spilling over into new year

** HSBC could be poised for more weakness as thecontinued drop in U.S. Treasury yields encourages bets that thestock's bearish run is not over yet

** Latest trigger is the bank's HK listing breaking below recent lows Chart: http://link.reuters.com/ban73w

** London-listed stock down 8 pct in 2014 vs 3 pct drop inEuropean bank index

** Higher compliance costs as regulators tighten screws onindustry likely to keep return on tangible equity in checkmaking current valuations demanding, analysts say

** Prospect of lower yields weighing on earnings outlook forbanks & at about 1x price to book, HSBC is among the mostexpensive among UK & European peers.

(RM: tricia.wright1.thomsonreuters.com@reuters.net)