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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.