HSBC Holdings Plc (HBC,HSBA.L) said its wholly-owned subsidiary Hongkong and Shanghai Banking Corp. Ltd., or HSBC, confirmed that it is in talks concerning a possible sale of its Retail Banking and Wealth Management business in Korea to Korea Development Bank, a member of the KDB Financial Group.
HSBC Holdings noted that discussions are ongoing and may or may not lead to a transaction.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.