This follows HSBC's US Private Bank adoption, with plans to expand to the Channel Islands and Luxembourg later this year.

(image: Pexels) Digital bank guarantees: Private sector lender HSBC India has launched electronic bank guarantee services for its MSMEs and corporate clients in association with National E ...

has not yet been finalised and there is no guarantee the transaction will close, Bloomberg reported. Sign up here. No financial details were disclosed. HSBC and FirstRand declined to comment.