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HSBC’s Geoghegan Says Results Meet Expectations, RTHK Reports

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.

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