HSBC Considers Sale of South African Units, Bloomberg Reports
-- HSBC Holdings is exploring selling its South African branch business and securities unit, Bloomberg reports, citing unnamed sources.
-- Lenders from the region, from China and from the United Arab Emirates are among the interest bidders, Bloomberg reports.
-- HSBC South Africa's main activities are commercial and global banking, global markets and a representative office for its private bank, according to its website.
-- HSBC didn't immediately respond to a request for comment when approached by Dow Jones Newswires.
Full story: https://tinyurl.com/47kavwc4
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
August 20, 2024 05:59 ET (09:59 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Morningstar’s Guide to Investing in Stocks
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth
-
How to Measure a Company’s Competitive Advantage
-
How to Think Like a Stock Analyst