Billabong lost HSBC Holdings Plc as a syndicated lender after the latter sold a portion of its loan to a specialized investment firm.
Breaking News
Dubai shares moves up to its highest since 2008 and could end up being reclassified by HSBC to emerging market status.
HSBC is planning to sell off shares totalling of 98.94% of its stake with the PT Bank Ekonomi in Indonesia.
British lender HSBC raised about $430 million after selling its holdings in India's Axis Bank and Yes Bank on Thursday.
HSBC is considering selling parts of its U.S. real estate portfolio to accelerate the run-down of the business.
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