HSBC, which has been linked to a range of deals to pick up distressed US banks, has today found itself with even deeper pockets after today walking away from it its long-running $6 billion (£3.29 billion) pursuit of Korea Exchange Bank.
More details available at below link :
http://www.thisislondon.co.uk/standard-business/article-23557549-details/HSBC+abandons+3.3+billion+chase+for+Korea+bank+stake/article.do
Sunday, September 21, 2008
HSBC abandons £3.3 billion chase for Korea bank stake
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