Thursday, October 8, 2009

HSBC Wants a Piece of RBS

Apparently HSBC and the Royal Bank of Scotland are in advanced discussions for HSBC to acquire some of RBS' retail and commercial banking assets in China, India and Malaysia. HSBC is attempting to gain a stronger foothold in Asia, as the financial prospects there seem much more stable for the moment. The two companies are still negotiating on prices.

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