Two global insurers are in the running to purchase HSBC Plc's life insurance unit in India. Manulife Financial Corp of Canada and its Indian afflilate Standard Life Plc are among the bidders for the HSBC Plc's Indian life insurance unit.
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HSBC and Citigroup obtain mutual fund distribution licenses
The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup. (Photo : REUTERS)Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.
HSBC Sells Billabong’s Syndicated Loan
Billabong lost HSBC Holdings Plc as a syndicated lender after the latter sold a portion of its loan to a specialized investment firm.
Dubai Shares Increased to Its Highest after HSBC Strengthens MSCI Bets
Dubai shares moves up to its highest since 2008 and could end up being reclassified by HSBC to emerging market status.
HSBC Plans to Sell Stake In PT Bank Ekonomi Raharja
HSBC is planning to sell off shares totalling of 98.94% of its stake with the PT Bank Ekonomi in Indonesia.
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The CP Group will use revenues from Ping An acquisition to grow in China. CP Group of Thailand head had confirmed that its earnings from the Ping An transaction would be reinvested in China.
HSBC winds up Hermitage Fund. HSBC Holdings Plc has closed down Hermitage Capital Management and its Russia Fund. The fund's co-founder, William Browder, is now facing charges of libel in London and concurrently being tried in Moscow for tax evasion.
A proposal for the sale of preferred shares of stock would be tabled for the shareholder meeting of Bancolombia.
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.
