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A lender controlled by private-equity firm Cerberus will buy HSBC’s French retail operations for a symbolic price of one euro, in a sign of the souring fortunes of European...
HSBC PLC (LON:HSBA) said it would book a US$3bn loss after it agreed on the sale of its French retail bank business to My Money, a group owned by private equity group Cerberus. The...
Is this some stand-off thing about banks being more technology oriented than technology companies? Big banks have more developers than Big Tech? It does not matter. It’s about...
Rising yields increase reflation bets againTesla falls despite record profits Bitcoin recoversKey EventsUS futures on the Dow, S&P, NASDAQ and Russell 2000 wavered in pre-New...
HSBC Holdings plc (HSBC) is a banking and financial services company. The Company manages its products and services through three businesses: Wealth and Personal Banking (WPB), Commercial Banking (CMB), and Global Banking and Markets (GBM). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America, and Latin America. WPB business offers Retail Banking, Wealth Management, Asset Management and Insurance. CMB products and services to serve the needs of commercial customers, including small and medium-sized enterprises, mid-market enterprises and corporates. It includes credit and lending, international trade and receivables finance, treasury management and liquidity solutions, commercial insurance and investments. GBM supports government, corporate and institutional clients, and private investors across the world.