HSBC Holdings plc (LON: HSBA) to buy new banks, despite financial instability

HSBC Holdings acquisitions carried away

In brief: HSBC Holdings plc (LON: HSBA) plans to begin negotiating the purchase of Nedbank Group. Analysts believe, that this move is very brave despite British banks financial instability.

HSBC Holdings plc (LON: HSBA) shares remain in the green zone today. HSBC Holdings plc (LON: HSBA) has risen to 639.30 points, gaining +5.10 (0.80%) in early trading.

The unexpected news came from the Foggy Albion: British HSBC Holdings plans to start exclusive talks to acquire a controlling stake in Bank of South Africa’s Nedbank Group. According to our correspondent, the official information should appear as early as this week.

Anna Krostenski
2010-08-23 11:36, Economics.

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