HSBC is spending $13.6 billion to buy the remaining 37% stake in Hang Seng Bank, taking full ownership
The Hongkong and Shanghai Banking Corporation, better known as HSBC, has announced that it will purchase the remaining 37% stake in Hang Seng Bank for $13.6 billion, taking full control of the lender. "This is an investment for growth, for the medium to long term in what is a leading local bank in Hong Kong," [...]