HSBC bank stays in London, snubbing Hong Kong
Europe's largest bank HSBC informed the financial markets Monday it would remain headquartered in Britain, rejecting a move to Hong Kong despite concerns about increased regulation in the UK.
Feb 15, 2016, 17:06 PM ISTHSBC's H1 profits rise 10% on bumper Hong Kong results
HSBC also announced the sale of its Brazil unit to Banco Bradesco SA , the country`s second-biggest private-sector bank, for 17.6 billion reais ($5.2 billion) as HSBC seeks to cut underperforming businesses.
Aug 03, 2015, 10:24 AM IST