LONDON (MarketWatch) -- HSBC Holdings, the world's third-largest bank, said Friday agreed to buy Panama's Grupo Banistmo for $1.77 billion, giving the bank a lift in Central America.

In an effort to shed its non-core assets and improve efficiency, HSBC Latin America Holdings Limited a fully-owned subsidiary of HSBC Holdings plc has entered into a deal to sell HSBC Bank (Panama ...

HSBC Holdings, the world's third largest bank by market value, has agreed to buy Panama-based Grupo Banistmo for US$1.77 billion to further expand its banking and insurance business in Latin America.

LONDON (MarketWatch) -- Banking group HSBC Holdings said Friday that it has agreed to make a tender offer to acquire Central American banking group, Grupo Banistmo, for $1.77 billion in cash.

Fitch Ratings has withdrawn Primer Banco del Istmo's (Banistmo) ratings following its merger with HSBC Bank Panama (which was completed on April 30, 2 ...

HSBC Holdings PLC21 July 2006 HSBC TO EXPAND INTO CENTRAL AMERICA BY ACQUIRING GRUPO BANISTMO An agreement has been entered into with Grupo Banistmo S.A. ('Banistmo'), theleading banking group in ...

HSBC has boosted its Latin American presence with the $1.8bn (£1bn) takeover of Panama's Grupo Banistmo. The deal gives the bank - the world's third-biggest - 220 branches in Panama, Costa Rica, El ...

HSBC Holdings has agreed to sell its Panama unit to Bancolombia for 2.1bn dollars - three times the net asset value, the bank said in a statement Tuesday.The transaction of HSBC Bank Panama will ...

HSBC is buying Panama's biggest bank for $1.8bn (£960m) in a further move into Latin America by Britain's largest lender. The cash purchase of Banistmo will give HSBC 220 branches in Panama ...