HSBC May Beat Wall Street With Majority Stake in China Firm

Updated on
  • Bank says joint venture yet to be approved by regulators
  • HSBC would be first foreign bank with majority equity stake

HSBC Credits Profit to Cost Cuts and Fewer Fines

HSBC Holdings Plc is set to beat its Wall Street rivals with a majority equity stake in a joint venture in China, paving the way for Europe’s largest lender to offer a range of securities and investment banking services.

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