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.
HSBC
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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.
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standard chartered moves into shariah space
Standard Chartered is expanding its Shariah banking operations in the United Arab Emirates and Bahrain, just a few weeks after HSBC announced it would be pulling out of the region.
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uti takes on hsbc with india fixed income fund
UTI Asset Management, India’s oldest and one of its largest fund managers, is launching a Dublin-domiciled, Ucits-compliant, US dollar-denominated bond fund that is designed to enable foreign investors to easily access India’s notoriously inhospitable fixed income market.
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hsbc survey reveals decline in wealth growth
One in five Hong Kong investors has seen their net worth decline over the past six months, a survey conducted by HSBC has found.
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expats wealthiest in southeast asia hsbc
Expats living in Southeast Asia tend to earn the most, with those in Singapore the wealthiest of the lot, according to HSBC’s fifth annual survey of expatriate wealth, lifestyles and attitudes.
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hsbc sells pakistan arm
HSBC has agreed to sell its operations in Pakistan comprising 10 branches to the Asian country’s JS Bank Limited for an undisclosed sum.
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hsbc merges multi-asset funds
HSBC Global Asset Management has merged three of its International Select Funds (ISF) into its Luxembourg-domiciled World Selection range.