HSBC Holdings Plc (HSBC) is reviewing strategic options for its insurance business in Singapore, including a potential sale, Bloomberg reported on Wednesday, citing people familiar with the matter.
According to the report, HSBC and a financial adviser are working on a review of HSBC Life (Singapore) Pte, which could be valued at more than $1 billion in a transaction. The people said other insurers and investment firms have shown early interest in the unit.
The move follows business revamps undertaken globally under Chief Executive Officer Georges Elhedery, Bloomberg reported.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.