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.
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).
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
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 ...
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 ...
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 ...
Korea's Value-Up program will be a 'slow grind' and needs support from domestic investors: HSBC
Herald van der Linde of HSBC says that the Korea Value-Up program and index are positive developments for investors, but ...
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 ...
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 ...
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Two 'state of the art' ATMs coming to Norwich HSBC branch
Two new "state of the art" ATMs will be installed at Norwich's London Street HSBC branch as part of a major refurbishment.
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HSBC enhances Premier offering for mass affluent
HSBC is expanding the features of its Premier offering for mass-affluent customers worldwide, focusing on the key areas of ...
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 ...