LONDON: HSBC played down a report on Monday that it was considering listing a third of its British retail and commercial banking arm in order to meet UK regulation and unlock value for shareholders.
The Financial Times on Monday said HSBC was considering selling 30 percent of its UK arm. It said the plan was at an early stage but the matter had been discussed with investors and informally at board level, citing three people familiar with the project.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!