Deals
KDB Is Said to Discuss Buying HSBC’s Korean Retail Bank Business
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KDB Financial Group Inc. is in talks with HSBC Holdings Plc to buy its retail banking operations in South Korea, a person with direct knowledge of the matter said.
Purchasing HSBC’s 11 Korean branches is one way that KDB, a state-run South Korean financial group, could grow its deposit base, according to the person, who declined to be identified as the discussions are private.