LSE:HSBABanks
HSBC (LSE:HSBA) Is In Talks To Sell Its Singapore Life Business To Allianz
HSBC Holdings (LSE:HSBA) is reported to be in advanced talks to sell HSBC Life Singapore.
Allianz is described as the likely buyer in this potential divestment.
The possible transaction focuses on HSBC's insurance and wealth operations in the Singapore market.
For HSBC Holdings, the reported discussions around HSBC Life Singapore come at a time when large banks are refining where and how they compete in wealth and insurance. The group has long highlighted Asia as an important region, and...