HSBC shifts South Africa customers to FirstRand and Absa
Banking shake-up: HSBC exits South Africa amid arrival of new players
On Thursday, FirstRand Limited confirmed that HSBC Bank plc (HSBC) will transfer its clients, its banking assets, liabilities and employees of its South African branch to FirstRand’s wholly owned subsidiary FirstRand Bank Limited (FRB).
HSBC shifts South Africa customers to FirstRand and Absa, as it exits the country
HSBC has reached an agreement to transfer its business in South Africa to local lender FirstRand Bank Ltd, the British bank said on Thursday, as it exits from the country entirely amid a wider pivot towards Asia.
FirstRand Acquires HSBC’s South African Operations In Strategic Deal
Africa’s largest financial institution by market capitalisation, has announced that it will acquire the clients, banking assets, liabilities, and employees of HSBC Bank plc’s (HSBC) South African bran
HSBC HOLDINGS Exits South Africa, Transfers Local Biz, Clients to FirstRand Bank: Report
HSBC HOLDINGS (00005.HK) reached an agreement with FirstRand Bank to transfer the branch's clients, banking assets and liabilities there, with the deal expected to be completed in 4Q25 at the earliest,
HSBC in talks to sell South African unit to FirstRand, Bloomberg News reports
HSBC Holdings is in talks to sell its South African corporate banking business to a unit of FirstRand , the country's largest lender by market value, Bloomberg News reported on Friday, citing people with knowledge of the matter.
HSBC Said in Talks to Sell South African Unit to FirstRand
HSBC Holdings Plc is in talks to sell its South African corporate banking unit to FirstRand Ltd.’s Rand Merchant Bank, people with knowledge of the matter said, as the the UK lender sells non-core assets.
After 29 years, HSBC to exit SA following deals with FirstRand, Absa
After almost three decades in the country, HSBC will be closing its South African businesses, following deals with both FirstRand and Absa.
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HSBC to exit SA market with sale of unit to FirstRand
HSBC has been operating in South Africa since 1995. The company recently sold its retail and business banking units in ...
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Major international bank quits South Africa
UK-based HSBC has concluded an agreement to transfer its South African operations to FirstRand and Absa, marking its exit ...
HSBC to Exit South African Market With Sale of Unit to FirstRand
HSBC Holdings Plc agreed to sell its South African corporate branch unit to FirstRand Ltd. as part of its ongoing strategy to ...
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FIRSTRAND LIMITED – FirstRand takes transfer of clients, assets and liabilities and employees of HSBC South Africa branch
Shareholders are referred to the following media release issued by FirstRand today.
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HSBC in talks to sell South African unit to FirstRand
According to an earlier Bloomberg report, African, Chinese and United Arab Emirates-based bidders are interested in HSBC's ...