Saturday, November 22, 2008

HSBC open to acquire insurance companies

Europe's biggest bank, HSBC (0005), can achieve its goal of doubling its profits from insurance operations by organic growth, but will also consider buying insurance companies, the head of the unit said Monday.

www.thestandard.com.hk/news_detail.asp?pp_cat=22&art_id=47146&sid=14118931&con_type=1&d_str=20070619