Ryan's District Boards

RD Today => All the News => Business News => Topic started by: chris on September 19, 2008, 05:00:27 AM

Title: Reuters: HSBC walks away from $6.3 billion South Korea bank buy
Post by: chris on September 19, 2008, 05:00:27 AM
HSBC walks away from $6.3 billion South Korea bank buy
      


SEOUL (Reuters) - HSBC , the world's second largest bank by market value, said on Friday it dropped a $6.3 billion offer for 51 percent of Korea Exchange Bank , blaming the financial market turmoil that has slashed the value of banks and other assets.
<p><img src="http://feeds.reuters.com/~a/reuters/businessNews?i=2VZPEe" border="0"></img> (http://feeds.reuters.com/~a/reuters/businessNews?a=2VZPEe)</p><div class="feedflare">
<img src="http://feeds.reuters.com/~f/reuters/businessNews?i=St7uL" border="0"></img> (http://feeds.reuters.com/~f/reuters/businessNews?a=St7uL) <img src="http://feeds.reuters.com/~f/reuters/businessNews?i=DrPxl" border="0"></img> (http://feeds.reuters.com/~f/reuters/businessNews?a=DrPxl) <img src="http://feeds.reuters.com/~f/reuters/businessNews?i=qMTyl" border="0"></img> (http://feeds.reuters.com/~f/reuters/businessNews?a=qMTyl)
</div><img src="http://feeds.reuters.com/~r/reuters/businessNews/~4/396714370" height="1" width="1"/>
      

http://feeds.reuters.com/~r/reuters/businessNews/~3/396714370/idUSSEO8898320080919