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HSBC shifts South Africa customers to FirstRand and Absa
HSBC to Exit South African Market With Sale of Unit to FirstRand
HSBC Holdings Plc agreed to sell its South African corporate branch unit to FirstRand Ltd. as part of its ongoing strategy to dispose of non-core assets.
HSBC shifts South Africa customers to FirstRand and Absa, as it exits the country
HSBC has reached an agreement to transfer its business in South Africa to local lender FirstRand Bank Ltd, the British bank said on Thursday, as it exits from the country entirely amid a wider pivot towards Asia.
HSBC winds down in SA, transfers ops to FirstRand, Absa
HSBC is winding down its operations in South Africa, with FirstRand Bank set to take over its branch businesses, while its securities and equities operations will be transferred to Absa. The British finance institution has serviced South Africa for nearly 30 years.
In Depth
4d
In Depth
Exclusive: RBC bankers fear layoffs as pledge to keep HSBC staff nears end, sources say
Some Royal Bank of Canada employees who joined as part of an HSBC Canada acquisition are worried about losing their jobs when ...
4d
HSBC Says Clients Can Derisk Supply Chains With CO2 Cuts
Companies can mitigate risks and cut costs by reducing greenhouse gas emissions in their supply chains, according to HSBC ...
MarketWatch
1d
HSBC Holdings rises Friday, still underperforms market
HSBC
Holdings PLC (UK Reg) HSBA shares inched up 0.16% to £6.81 Friday, on what proved to be an all-around favorable ...
5d
on MSN
HSBC: RBA unlikely to cut rates before Q2 next year
Paul Bloxham, HSBC's Chief Economist of Australia, New Zealand & Global Commodities, talks about Australia's struggle with ...
Crowdfund Insider
18h
HSBC to Acquire Private Banking Activities of BNP Paribas in Germany
BNP Paribas announces it has signed an agreement with HSBC (NYSE: HSBC) for the acquisition of their Private Banking ...
2d
HSBC Holdings rises Thursday, outperforms market
HSBA rallied 2.10% to £6.80 Thursday, on what proved to be an all-around favorable trading session for the stock market, with ...
Euromoney
1d
The world’s best bank for non-deliverable forwards: HSBC
HSBC continues to develop its market-leading franchise in global non-deliverable forwards (NDF). With operations now spanning ...
1d
HSBC Premier enhances solution
Following interviews with over 2,500 mass affluent consumers, HSBC Wealth and Personal Banking is elevating the Premier proposition to the next level. This refresh is part of the bank’s aim to be the ...
3d
on MSN
ECB will cut rates more quickly than previously expected, HSBC says
The European Central Bank will likely make a series of consecutive 25 basis point cuts at each of its upcoming meetings ...
Euromoney
1d
The world’s best FX bank for corporates: HSBC
HSBC has established itself as a leader in the corporate foreign exchange space by continuously developing innovative ...
18h
HSBC customers must make 6-mile round trip to Hanley as bank temporarily shut
HSBC customers must now make a six-mile round trip to Hanley after their branch temporarily closed. A sign has gone up in the ...
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