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.

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.

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 ...

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Fitch Ratings has withdrawn Primer Banco del Istmo's (Banistmo) ratings following its merger with HSBC Bank Panama (which was completed on April 30, 2 ...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 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 on Friday launched its first significant acquisition in almost three years as the world’s third-largest bank agreed to buy Grupo Banistmo, the biggest privately owned bank in Central ...

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 ...

London - HSBC Holdings Plc, Europe’s largest bank by market value, agreed to sell its Panama unit to Bancolombia SA for $2.1 billion as Chief Executive Officer Stuart Gulliver tries to revive ...

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 ...