logo
Share SHARE
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
Chinese conglomerate Dalian Wanda is in talks to buy Dick Clark Productions, as the company aims to expand in to the US entertainment industry. According to reports, Dalian Wanda Group has started preliminary talks to buy Dick Clark Productions for a price of about $1 billion. Dick Clark Productions... Mortgage applications in the U.S. dropped 0.7 percent from last week. According to data from the Mortgage Bankers Association, market composite index, a measure of mortgage loan application volume, declined 0.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis,... LendUp, an online lending startup, had to pay $6.3 million in fine for charging illegal fees and miscalculating higher interest rates. LendUp, which was earlier known as Flurish Inc., is supported by Google's venture capital arm GV and other venture capital firms in Silicon Valley. The California...
comments powered by Disqus
Follow RTT