hsbc sells singapore life business to axa
HSBC is to sell part of its Singapore insurance business to AXA in a deal worth $19.3m.
HSBC
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hsbc sells Panama bank to focus elsewhere in sa
HSBC has agreed to sell its Panama banking operation to Bancolombia, the largest commercial bank in Columbia, for $2.1bn as part of its continuing global strategic focus on fewer markets.
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hsbc bans customers from sanctioned countries
HSBC Bank has informed some customers from countries subject to significant sanctions from the European Union or United States that they will no longer be allowed to use the bank and must transfer out their accounts.
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hsbc appoints malta head of international banking
HSBC Malta has appointed George Debono as its new head of international banking.
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china approves hsbc ping an stake sale
The China Insurance Regulatory Commission (CIRC) has approved HSBC's sale of its stake in insurance giant Ping An to a Thai conglomerate for $9.4bn, ending speculation that the deal might never be completed.
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hsbc launching crowdsourcing platform
HSBC Expat is launching what it calls a “crowdsourcing platform”, aimed at expatriates and designed to help them share tips and advice, based on the country they are living in, or planning to move to.
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hsbcs ping an insurance stake sale hits problems
HSBC’s planned sale of its $9.4bn stake in Ping An Insurance to Thai conglomerate CP group is likely to be rejected by China’s insurance regulator, according to reports.
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HSBC Bank International closes branches in IoM and Guernsey
HSBC Bank International (HBIB) has completely closed down its Isle of Man and Guernsey centres for international clients who are based overseas, by surrendering its branch licences in both crown dependencies.
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hsbc gives sicav range clean fee
HSBC Global Asset Management (HSBC GAM) has rolled out clean fee share classes across its Luxembourg-domiciled range of Sicavs.
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hsbce sells ping an stake to thai
HSBC Holdings is selling its entire stake in China’s Ping An Insurance (Group) of China to entities owned by Charoen Pokphand Group, in what was described as the bank’s largest divestment in more than 15 years.
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hsbc bank oman seeking buyer for five
HSBC Bank Oman is looking for buyers for five Indian and Pakistani branches of what until recently was known as Oman International Bank (OIB), the Times of Oman has reported, quoting “a senior official” of the bank.
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axa hsbc property and casualty insurance
An alliance between Paris-based insurance giant Axa and London-based global banking giant HSBC, in the area of property and casualty (P&C) insurance, has moved forward, with the completion of Axa’s acquisition of the bank’s P&C operations in Hong Kong and Singapore.