Europe's largest bank HSBC says it is 'reviewing its options' over a sale of its stake in Vietnamese insurance firm Bao Viet Holdings.
Currently HSBC holds an 18% stake in the high profile company but press reports have suggested it is being considered for disposal.
HSBC says: "no decision has been made yet".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The bank is currently facing pressure in the US over alleged money laundering transactions for drug gangs in Mexico and terrorist affiliates in the Middle East.
BS
-
Cash ISAs: why it could be your last chance to grab 5% tax-free savingsSavers using a cash ISA could face a double-whammy of interest rate cuts and tax reforms from April. Should you act now?
-
Navigating the Trump tariffsMartin Connaghan and Samantha Fitzpatrick, Co-Managers of Murray International Trust PLC, discuss Donald Trump's tariffs.
