HSBC Chief Executive Geoghegan Says Results Meet Expectations, RTHK Says
HSBC Holdings Plc Chief Executive Officer Michael Geoghegan said the bank’s first-quarter results met expectations, Radio Television of Hong Kong reported.
HSBC has finished preparations for a proposed stock market listing in Shanghai and is still awaiting regulatory approval, RTHK cited Geoghegan as saying in a report posted on its Web site today.
Geoghegan also denied a media report that HSBC plans to bid for Korea Exchange Bank, RTHK said. Seoul Economic Daily said April 21 that Standard Chartered Plc and London-based HSBC are among companies that have expressed an interest in buying a controlling stake in the Korean bank, without citing anyone.
HSBC’s Hong Kong-based spokeswoman Annie Cheng didn’t immediately return calls from Bloomberg News seeking comment.
To contact the reporter on this story: Cathy Chan in Hong Kong at Kchan14@bloomberg.net.