HSBC 'no decision' on Bao Viet

Europe's largest bank HSBC says it is 'reviewing its options' over a sale of its stake in Vietnamese insurance firm Bao Viet Holdings.

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".

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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