logo
Plus   Neg
Share
Email

HSBC Bank Middle East To Sell Banking Business In Jordan - Quick Facts

HSBC Bank Middle East Limited, an indirect subsidiary of HSBC Holdings plc (HSBA.L,HBC), announced it has entered into an agreement to sell banking business in Jordan to Arab Jordan Investment Bank plc. The transaction is expected to complete during the first half of 2014.

HSBC stated that, at 30 September 2013, the banking business in Jordan comprised four branches with gross assets of approximately $1.203 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walmart Inc. is expanding two-day shipping and in-store returns to millions of items sold by third-party sellers on its website, just ahead of the busy holiday shopping season. The company noted that these major improvements to its marketplace will begin to roll out in November. The free two-day shipping will be available on orders over $35. Verizon Communications Inc. (VZ) reported a profit for the third-quarter 2018 that increased 36.0 percent from last year. Total operating revenues rose 2.8 percent from last year. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. It is on track to deliver against a goal to achieve $10 billion in cumulative cash savings by 2021. Shares of Groupe Renault declined around 3 percent in the morning trading in Paris after the French automaker reported weak revenues in its third quarter. Further, the company confirmed its guidance for fiscal 2018, and adjusted growth view for certain markets. Renault continues to expect increase in full-year Group revenues at constant exchange rates and perimeter.
Follow RTT