HSBC reportedly moves to bolster Hang Seng by cleaning up its balance sheet
The Financial Times reports that a $1.4bn sale of Hang Seng’s loan portfolio is part of a push to improve the Hong Kong lender’s capital efficiency.
TLDR
The Financial Times reports that HSBC is moving to bolster Hang Seng by cleaning up its balance sheet. A $1.4bn sale of the Hong Kong lender’s loan portfolio is part of a push to improve its capital efficiency.
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