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
Abercrombie & Fitch Co. (ANF) reported a GAAP net loss attributable to company of $39.6 million for the first quarter ended April 30, 2016 compared to a loss of $63.2 million, last year. Excluding certain items last year, net loss attributable to Abercrombie & Fitch Co. increased $2.4 million. Net... Dollar General Corp. (DG) reported first-quarter net income of $295 million, or $1.03 per share compared to $253 million, or $0.84 per share, a year ago. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.95 for the quarter. Analysts' estimates typically... Anglo-Dutch oil giant Royal Dutch Shell plans to cut 2,200 more jobs, as the company continues to face lower oil prices, media reported Wednesday citing an emailed statement. The latest round of cuts would bring the total job cuts this year to at least 5,000 globally. In the U.K. and Ireland, the company plans to reduce staff working in exploration and production by 475.
comments powered by Disqus
Follow RTT