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
30th Aug 20234:30 pmRNSDirector/PDMR Shareholding
30th Aug 202310:45 amRNSHSBC - Redemption Notice and Listing Cancellation
29th Aug 20236:11 pmRNSTransaction in Own Shares
29th Aug 20237:00 amRNSTransaction in Own Shares
25th Aug 20236:10 pmRNSTransaction in Own Shares
25th Aug 20237:54 amRNSHolding(s) in Company
24th Aug 20236:07 pmRNSTransaction in Own Shares
23rd Aug 20236:20 pmRNSTransaction in Own Shares
23rd Aug 202311:30 amRNSOverseas Regulatory Announcement - Grant of Awards
23rd Aug 202310:31 amRNSDirector/PDMR Shareholding
23rd Aug 202310:30 amRNSOverseas Regulatory Announcement - Grant of Awards
22nd Aug 20236:18 pmRNSTransaction in Own Shares
21st Aug 20236:12 pmRNSTransaction in Own Shares
18th Aug 20236:13 pmRNSTransaction in Own Shares
17th Aug 20236:03 pmRNSTransaction in Own Shares
16th Aug 20236:15 pmRNSTransaction in Own Shares
15th Aug 20235:52 pmRNSTransaction in Own Shares
15th Aug 20234:45 pmRNSDirector/PDMR Shareholding - Correction
14th Aug 20236:25 pmRNSTransaction in Own Shares
14th Aug 20234:46 pmRNSHSBC Holdings - Issuance of Senior Unsecured Notes
11th Aug 20236:12 pmRNSTransaction in Own Shares
10th Aug 20236:17 pmRNSTransaction in Own Shares
9th Aug 20236:21 pmRNSTransaction in Own Shares
8th Aug 20236:27 pmRNSTransaction in Own Shares
4th Aug 20236:20 pmRNSTransaction in Own Shares
3rd Aug 20236:16 pmRNSTransaction in Own Shares
3rd Aug 20234:30 pmRNSDirector/PDMR Shareholding
3rd Aug 202312:15 pmRNSEUR1bn notice of redemption
3rd Aug 202312:15 pmRNSSGD750m notice of redemption
2nd Aug 20235:00 pmRNSNotice of redemption
2nd Aug 20234:30 pmRNSTotal Voting Rights
2nd Aug 20233:45 pmRNSPublication of base prospectus supplement
2nd Aug 20239:30 amRNSHSBC Holdings PLC – Share buy-back
1st Aug 20234:40 pmRNSDocuments Available at NSM
1st Aug 20234:30 pmRNSHalf Year Report - 2023 Interim Report - Part 4
1st Aug 20234:30 pmRNSHalf Year Report - 2023 Interim Report - Part 3
1st Aug 20234:30 pmRNSHalf Year Report - 2023 Interim Report - Part 2
1st Aug 20234:30 pmRNSHalf Year Report - 2023 Interim Report - Part 1
1st Aug 20237:00 amRNSHSBC INTERIM RESULTS 2023 - WEBCAST AND CONF CALL
1st Aug 20237:00 amRNSHSBC HOLDINGS PLC INTERIM RESULTS 2023
31st Jul 20234:30 pmRNSTotal Voting Rights
31st Jul 20234:30 pmRNSDirector/PDMR Shareholding
27th Jul 20235:45 pmRNSTransaction in own shares & conclusion of buy-back
26th Jul 20236:00 pmRNSTransaction in Own Shares
26th Jul 202310:00 amRNSChanges to Board and Committee Composition
25th Jul 20235:30 pmRNSTransaction in Own Shares
24th Jul 20235:45 pmRNSTransaction in Own Shares
21st Jul 20235:34 pmRNSTransaction in Own Shares
20th Jul 20235:55 pmRNSTransaction in Own Shares
20th Jul 20239:30 amRNSOverseas Regulatory Announcement - Board Meeting

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.