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HSBC, ANZ May Be Asked to Incorporate Local Units in Singapore

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Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - June 28, 09:36AM from (www.bloomberg.com)

By Sanat Vallikappen - 2012-06-28T13:20:24Z


HSBC Holdings Plc (HSBA) and Australia & New Zealand Banking Group Ltd., among foreign lenders allowed to take retail deposits in Singapore, may have to incorporate a local subsidiary.
BNP Paribas SA (BNP), ICICI Bank Ltd., Malayan Banking Bhd. a...


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