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HSBC shifts South Africa customers to FirstRand and Absa
HSBC to Exit South African Market With Sale of Unit to FirstRand
HSBC Holdings Plc agreed to sell its South African corporate branch unit to FirstRand Ltd. as part of its ongoing strategy to dispose of non-core assets.
HSBC shifts South Africa customers to FirstRand and Absa, as it exits the country
HSBC has reached an agreement to transfer its business in South Africa to local lender FirstRand Bank Ltd, the British bank said on Thursday, as it exits from the country entirely amid a wider pivot towards Asia.
HSBC winds down in SA, transfers ops to FirstRand, Absa
HSBC is winding down its operations in South Africa, with FirstRand Bank set to take over its branch businesses, while its securities and equities operations will be transferred to Absa. The British finance institution has serviced South Africa for nearly 30 years.
MarketWatch
5h
HSBC Holdings rises Friday, still underperforms market
HSBC
Holdings PLC (UK Reg) HSBA shares inched up 0.16% to £6.81 Friday, on what proved to be an all-around favorable ...
2d
HSBC Says Clients Can Derisk Supply Chains With CO2 Cuts
Companies can mitigate risks and cut costs by reducing greenhouse gas emissions in their supply chains, according to HSBC ...
2d
on MSN
Earnings trajectory is under-appreciated in the near-term, says HSBC's Max Kettner
Kevin Gordan, Charles Schwab senior investment strategist, and Max Kettner, HSBC Global Research chief multi-asset strategist ...
2d
HSBC now expects ECB to cut rates by 25 bps at every meeting from Oct
HSBC said on Wednesday it now expects the European Central Bank to cut interest rates by 25 basis points at every meeting ...
1d
HSBC Holdings rises Thursday, outperforms market
HSBA rallied 2.10% to £6.80 Thursday, on what proved to be an all-around favorable trading session for the stock market, with ...
2d
on MSN
Korea's Value-Up program will be a 'slow grind' and needs support from domestic investors: HSBC
Herald van der Linde of HSBC says that the Korea Value-Up program and index are positive developments for investors, but ...
2d
HSBC to extend US$641 million in pre-approved loans to aid Hong Kong SMEs
HSBC, the biggest lender in Hong Kong, will launch a HK$5 billion (US$641 million) pre-approved financing scheme for small ...
10h
HSBC Premier enhances solution
Following interviews with over 2,500 mass affluent consumers, HSBC Wealth and Personal Banking is elevating the Premier proposition to the next level. This refresh is part of the bank’s aim to be the ...
Euromoney
12h
HSBC wealth buy boosts BNP Paribas’s Germany strategy
As HSBC retrenches from domestic business on the continent, BNP Paribas steps up its ambition in Europe’s biggest economy – ...
portfolio-adviser.com
1d
HSBC appoints Pierin Menzli as global CIO of equity
HSBC Asset Management has appointed Pierin Menzli as global CIO of equity, moving from his current role of CIO for thematic ...
2d
on MSN
HSBC says governments' climate plans need to provide sector details
Governments reporting their plans and progress in bringing down national levels of planet-warming carbon emissions need to ...
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