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HSBC to incorporate Singapore subsidiary in May

Local incorporation means customer deposits will be ringfenced from group operations

Published Thu, Feb 4, 2016 · 09:50 PM
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Singapore

ONE hundred and thirty-nine years after HSBC opened its first branch in Singapore, the bank will locally incorporate its retail operations on May 9 - fulfilling the objective of the Monetary Authority of Singapore (MAS) to protect customer deposits.

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