Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHSBC Holdings Regulatory News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 676.80
Bid: 678.10
Ask: 678.30
Change: 3.60 (0.53%)
Spread: 0.20 (0.029%)
Open: 678.60
High: 679.40
Low: 670.30
Prev. Close: 673.20
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sale of trust and inv mgmt business in Bermuda

27 Oct 2015 18:35

RNS Number : 6255D
HSBC Holdings PLC
27 October 2015
 



 

HSBC AGREES TO SELL PRIVATE BANKING TRUST

AND INVESTMENT MANAGEMENT OPERATIONS

IN BERMUDA

 

HSBC Bank Bermuda Limited ('HSBC Bermuda'), an indirect wholly-owned subsidiary of HSBC Holdings plc, has entered into an agreement to sell Bermuda Trust Company Ltd and its Private Banking investment management operations in Bermuda (the 'Trust and Investment Business') to The Bank of N.T. Butterfield & Son Limited ('Butterfield'). In addition HSBC Bermuda has entered into an agreement to refer its existing Private Banking clients (the 'Banking Portfolio') to Butterfield.

 

As at 31 December 2014 the Trust and Investment Business had approximately US$24bn of assets under administration and US$1.5bn of assets under management. The Banking Portfolio had approximately US$1.2bn of assets under management.

 

The transaction is subject to regulatory approval and is expected to complete in the first half of 2016. It represents further progress in the execution of HSBC Private Bank's strategy to focus on a smaller number of future growth markets.

 

Bermuda media enquiries:

Angela Cotterill +1 441 299 6956 angela.cotterill@hsbc.bm

 

International media enquiries:

Heidi Ashley +44 (0) 20 7992 2045 heidi.ashley@hsbc.com

Patrick Humphris +41 (0) 58705 5000 patrick.humphris@hsbcpb.com

 

Note to editors:

 

The HSBC Group

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 6,100 offices in 72 countries and territories in Asia, Europe, North and Latin America, and the Middle East and North Africa. With assets of US$2,572bn at 30 June 2015, HSBC is one of the world's largest banking and financial services organisations.

ends/all

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFELFMWFISEIS
Date   Source Headline
31st Jan 20245:29 pmRNSTransaction in Own Shares
31st Jan 20244:30 pmRNSTotal Voting Rights
30th Jan 20245:17 pmRNSTransaction in Own Shares
30th Jan 20244:30 pmRNSDirector/PDMR Shareholding
29th Jan 20245:30 pmRNSTransaction in Own Shares
26th Jan 20245:59 pmRNSTransaction in Own Shares
25th Jan 20245:23 pmRNSTransaction in Own Shares
25th Jan 20245:00 pmRNSNotice of redemption
25th Jan 20249:31 amRNSOverseas Regulatory Announcement
24th Jan 20245:21 pmRNSTransaction in Own Shares
23rd Jan 20245:17 pmRNSTransaction in Own Shares
22nd Jan 20245:24 pmRNSTransaction in Own Shares
19th Jan 20246:02 pmRNSTransaction in Own Shares
18th Jan 20245:27 pmRNSTransaction in Own Shares
17th Jan 20245:53 pmRNSTransaction in Own Shares
16th Jan 20245:23 pmRNSTransaction in Own Shares
15th Jan 20245:20 pmRNSTransaction in Own Shares
12th Jan 20245:20 pmRNSTransaction in Own Shares
11th Jan 20245:47 pmRNSTransaction in Own Shares
11th Jan 20241:00 pmRNSOverseas Reg Announcement - Grant of Awards
10th Jan 20245:29 pmRNSTransaction in Own Shares
9th Jan 20245:25 pmRNSTransaction in Own Shares
8th Jan 20245:38 pmRNSTransaction in Own Shares
5th Jan 20245:35 pmRNSTransaction in Own Shares
5th Jan 20244:30 pmRNSBlock listing Interim Review
4th Jan 20245:34 pmRNSTransaction in Own Shares
3rd Jan 20245:42 pmRNSTransaction in Own Shares
2nd Jan 20245:30 pmRNSTransaction in Own Shares
29th Dec 20231:29 pmRNSTransaction in Own Shares
29th Dec 202312:30 pmRNSTotal Voting Rights
29th Dec 202312:29 pmRNSDirector/PDMR Shareholding
28th Dec 20235:20 pmRNSTransaction in Own Shares
28th Dec 202311:56 amRNSHolding(s) in Company
27th Dec 20235:23 pmRNSTransaction in Own Shares
27th Dec 20234:00 pmRNSDirector/PDMR Shareholding
22nd Dec 20231:28 pmRNSTransaction in Own Shares
22nd Dec 20237:00 amRNSUPDATE ON SALE OF HSBC CANADA
21st Dec 20235:17 pmRNSTransaction in Own Shares
20th Dec 20235:36 pmRNSTransaction in Own Shares
20th Dec 20234:00 pmRNSDirector/PDMR Shareholding
20th Dec 20232:51 pmRNSHolding(s) in Company
19th Dec 20235:35 pmRNSTransaction in Own Shares
18th Dec 20235:15 pmRNSTransaction in Own Shares
15th Dec 20235:45 pmRNSTransaction in Own Shares
14th Dec 20235:19 pmRNSTransaction in Own Shares
13th Dec 20235:31 pmRNSTransaction in Own Shares
12th Dec 20235:55 pmRNSTransaction in Own Shares
12th Dec 20234:00 pmRNSBlock Listing
11th Dec 20235:20 pmRNSTransaction in Own Shares
11th Dec 202312:50 pmRNSThird Interim Dividend for 2023 - Exchange Rate

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.