FONT-SIZE Plus   Neg

HSBC Holdings Announces Possible Disposal Of RBWM Business In Korea

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Software giant Microsoft Corp. (MSFT), Tuesday reported a profit for the first quarter that trumped analysts' estimates, as CEO Satya Nadella's strategy seems to be working reflected by strong growth in cloud business. Microsoft stock spiked up over 5 percent in after hours trading. Redmond, Washington-based... In order to make Facebook more user-friendly, the social media giant introduced a few attractive new features. Recommendation tool, call-to-action buttons, and new section pages are expected to attract more users in a world where there are more mobiles than human beings. Starbucks Coffee Co. said Thursday that it plans to open a Reserve Roastery in Japan in 2018. This will be the coffee giant's fourth Roastery location globally. The new location will be located in Tokyo's upscale Nakameguro district, known for its exclusive boutiques and art galleries.
comments powered by Disqus
Follow RTT