HSBC has reached an agreement to transfer its business in South Africa to local lender FirstRand Bank Ltd, the British bank said on Thursday, as it exits from the country entirely amid a wider ...

FirstRand has secured regulatory approval to acquire HSBC South Africa's clients and banking assets, ensuring continued access to corporate services for multinational clients. The transaction, led ...

HSBC Holdings is considering selling its South Africa assets as the lender concentrates on Asian markets. Reported by Bloomberg, banks from the region, China, and the United Arab Emirates are ...

Country confident of shift by global financial crime watchdog after prosecutions blitz, says central bank governor ...

HSBC Holdings is currently exploring a sale of its South Africa businesses, Bloomberg News reported on Tuesday, as the once globe-spanning company continues to move its focus towards Asia.

To align with its Asia-focus strategy, HSBC is mulling to divest its businesses in South Africa. This is likely to allow the company to expand in high-growth markets.

Investec has been named the best-performing bank in the UK and has shot up the rankings to beat Standard Bank back home in ...

HSBC Holdings Plc is weighing a sale of its South African businesses as the lender focuses on Asian markets, according to people with knowledge of the matter.

HSBC has agreed to transfer the business of its branch in South Africa to FirstRand Bank (FRB). This will see the branch’s clients and banking assets and liabilities transferred to FRB. HSBC’s branch ...