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HSBC shifts South Africa customers to FirstRand and Absa

Bloomberg L.P. · 23h

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.

capetownetc.com · 1h

Banking shake-up: HSBC exits South Africa amid arrival of new players

On Thursday, FirstRand Limited confirmed that HSBC Bank plc (HSBC) will transfer its clients, its banking assets, liabilities and employees of its South African branch to FirstRand’s wholly owned subsidiary FirstRand Bank Limited (FRB).

techfinancials · 22h

FirstRand Acquires HSBC’s South African Operations In Strategic Deal

Africa’s largest financial institution by market capitalisation, has announced that it will acquire the clients, banking assets, liabilities, and employees of HSBC Bank plc’s (HSBC) South African bran

HSBC Changes ECB Call, Sees Cut Every Meeting Starting Oct.

HSBC now expects ECB to cut rates by 25 bps at every meeting from Oct

HSBC said on Wednesday it now expects the European Central Bank to cut interest rates by 25 basis points at every meeting from October through to April next year given weakening economic data.

MarketWatch on MSN · 1d

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 between now and April 2025, HSBC’s analysts said

Bloomberg L.P. · 2d

HSBC Changes ECB Call, Sees Cut Every Meeting Starting October

The European Central Bank will start cutting interest rates at every meeting between October and April, according to economists at HSBC.

2don MSN

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 ...

2d

HSBC Says Clients Can Derisk Supply Chains With Emissions Cuts

Companies can mitigate risks and cut costs by reducing greenhouse gas emissions in their supply chains, according to HSBC ...

17h

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 ...

1don MSN

HSBC says governments' climate plans need to provide sector details

Governments reporting their plans and progress in bringing down national levels of planet-warming carbon emissions need to ...

Unpacking HSBC's exit: What it says about banking and SA

South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 ...

2d

Yevgeny Prigozhin secretly used JPMorgan and HSBC for Wagner payments

JPMorgan Chase and HSBC unwittingly processed payments for companies in Africa controlled by the deceased Russian warlord ...

1h

Sponsored by HSBC, M+ hosts the first East Asia exhibition of Guo Pei’s haute couture work

As the Lead Sponsor of an M+ Special Exhibition, the bank aims to strengthen everyone’s connection to art, fashion and design ...

2d

HSBC Holdings rises Tuesday, still underperforms market

HSBC Holdings PLC (UK Reg) HSBA shares inched up 0.22% to £6.72 Tuesday, on what proved to be an all-around favorable trading ...

1don MSN

Earnings trajectory is under-appreciated in the near-term, says HSBC's Max Kettner

Kevin Gordan, Charles Schwab senior investment strategist, and Max Kettner, HSBC Global Research chief multi-asset strategist ...

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