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The Hongkong and Shanghai Banking Corporation Limited

banking services company based in Hong Kong

Also known as HSBC, The Hongkong and Shanghai Banking Corporation, HBAP

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coverage spread: L67/C33/R0

US tariffs Singapore; Allianz buys HSBC Singapore insurer

The US has imposed a 12.5% tariff on Singapore over forced-labor concerns, while Allianz agreed to buy HSBC’s Singapore Life unit for about US$2.9 billion, reflecting a broader push to streamline portfolios in Singapore. HSBC’s sale, including a 15-year exclusive bancassurance distribution deal, is part of its strategy to free capital and focus on core markets, potentially boosting CET1 and enabling higher returns.

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Country: People's Republic of China, Republic of China, British Hong Kong
Headquarters: HSBC Building, Hong Kong
Inception: March 3, 1865, 1867
Website: http://www.hsbc.com.hk

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The Hongkong and Shanghai Banking Corporation Limited

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US tariffs Singapore; Allianz buys HSBC Singapore insurer

Articleresearching the web…

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The Hongkong and Shanghai Banking Corporation Limited

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