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
MarketWatch1h
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Exclusive-RBC bankers fear layoffs as pledge to keep HSBC staff nears end, sources say
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HSBC enhances Premier offering for mass affluent
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