AIA Announces Retirement of CEO Mark Tucker
AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group, has announced the retirement of of its Group Chief Executive and President Mark Tucker, who is set to…
HSBC Not Shutting Down Malaysia Operations
HSBC is not closing its Malaysian operations, HSBC Bank Malaysia Bhd, a spokesperson said, denying rumors that it will close down like Lehman Brothers. The spokesperson said there is not…
HSBC Names New Global Chief Economist As Stephen King Steps Down
HSBC Holdings Plc, one of the largest banking and financial services institutions in the world, has named Janet Henry as its new global chief economist. Henry, previously HSBC’s chief European…
Bradesco Reportedly In Exclusive Talks To Buy HSBC’s Brazilian Arm for USD4bn
Bradesco, Brazil’s second-largest private sector bank, is reportedly in exclusive talks with HSBC for a USD4bn sale of its Brazilian unit. The Financial Times report quoted sources familiar with the…