HONG KONG -- HSBC Asia Pacific has proposed taking Hang Seng Bank private, marking a turning point for the Hong Kong banking sector as the British lender seeks to deepen its footprint in Asia.
Finance
HSBC proposes taking Hang Seng Bank private for $13.6bn
Hong Kong-focused bank has been troubled by rising bad loans; brand to live on
A Hang Seng Bank branch in Hong Kong. HSBC has proposed taking the bank private but says it will continue the brand. (Photo by Yuki Kohara)
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