HSBC Holdings Ord Shs HBCYF

Financial Services

HSBC Holdings plc (HSBC) is a banking and financial services company. The Company’s segments include Wealth and Personal Banking (WPB), Commercial Banking (CMB) and Global Banking and Markets (GBM). WPB provides a range of retail banking and wealth management services, including insurance and investment products, global asset management services, investment management and private wealth solutions for customers. CMB offers a range of products and services to serve the needs of commercial customers, including small and medium-sized enterprises, mid-market enterprises and corporates. These include credit and lending, international trade and receivables finance, commercial insurance and investments. GBM provides tailored financial solutions to government, corporate and institutional clients and private investors worldwide. The Company operates across various geographical regions, which include Europe, Asia-Pacific, Middle East and North Africa, North America, and Latin America.

OTCPK:HBCYF - Post by User

HSBC Holdings Ord Shs

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Post by investologyon May 25, 2008 7:07pm

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Post# 15108330

Korea Exchange Bank bid

(Source: John Simpson, Bloomberg, May 25) <https://www.bloomberg.com/apps/news?pid=20601208&sid=aw0zhWBB4nFY&refer=finance>

HSBS Holdings PLC may end up abandoning its $6.2 billion bid for Korea Exchange Bank, the the govt. of SOuth Korea initiates any further delays and does not come to an agreement soon.

The acquisition has already been delayed extensively, as HSBC had seeked approval for the Korean Exchange Bank takeover way back in December. The purchase is to be made from Lone Star Funds, currently owning the Korean Bank.

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