Banking titan HSBC's sale of peripheral parts of its operations has continued with the sale of its general insurance businesses in Hong Kong, Singapore, Argentina and Mexico.
The businesses, jointly owned with Hang Seng Bank, have been sold to French insurance giant AXA and Australian firm QBE Insurance Group, with the former taking the general insurance portfolios from Hong Kong, Singapore and Mexico, while QBE is scooping up the rest.
More to follow ...
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