HSBC in talks to buy majority stake in Korea Exchange Bank
HSBC Holdings PLC, which has been dealing with US subprime-mortgage-loan problems, said it is in talks to buy a majority stake in Korea Exchange Bank in a move that would bolster the British bank’s emerging-markets banking business.
The company said it was in talks to purchase the stake from Dallas-based leveraged-buyout group Lone Star Funds, which has been seeking to sell the stake.
Category: Finance
