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Commodities Briefing - Categorized | Investment, Market Moves more

HSBC in pole position to snap up RBS’s unwanted assets

Posted on 11 December 2009

From Scotsman.com: Banking giant HSBC has moved into pole position to buy the remainder of the Asian retail and commercial banking assets that Royal Bank of Scotland has put up for sale, sources said yesterday.
It is believed the two banks have all but agreed a deal for the businesses, deemed non-core by RBS chief executive Stephen Hester, in China, India and Malaysia………………………………Full Article: Source

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