Tag: HSBC

HSBC Egypt
BusinessHot News

HSBC agrees to sell Egypt retail banking business to Emirates NBD

HSBC Egypt retail banking sale to Emirates NBD will shift HSBC toward corporate banking as the deal awaits regulatory approval.

Timilehin Adejumobi Timilehin Adejumobi
South Africa regulator strips HSBC of forex license after 30 years
BusinessHot News

South Africa regulator strips HSBC of forex license after 30 years

South African Reserve Bank Financial Surveillance Department has revoked the Johannesburg branch of HSBC as an authorised foreign exchange dealer, ending a relationship that stretched for more than three decades. The decision removes one of the lender’s remaining regulatory links to the country.  The move reflects a broader shift among global banks reassessing their presence in parts of Africa and…

Oluwatosin Alao Oluwatosin Alao