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News
HSBC’s $2B Singapore Insurance Unit Sale to Allianz: A Strategic Boost for Both Giants
5+ hour, 58+ min ago (477+ words) HSBC has announced that it will sell its life and health insurance division in Singapore to Germany’s Allianz. The deal, which values the unit at SGD2.7 billion (US$2.09 billion), is expected to produce a pre-tax gain of US$1.8 billion for HSBC…...