Mortgage News

Purchase accelerates HSBC's growth

Monday 28th of April 2003
Buying AMP’s New Zealand retail banking business has catapulted HSBC into being the nation’s sixth biggest bank behind ASB Bank with total assets of about $5.3 billion.

Before the purchase, HSBC’s assets were $3.1 billion.

HSBC head of retail banking Alex Bentley says the bank is going to need to recruit upwards of 60 people to run the combined operati...

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