Showing posts with label HSBC INVEST DIRECT TO CLOSE ITS OPERATIONS. Show all posts
Showing posts with label HSBC INVEST DIRECT TO CLOSE ITS OPERATIONS. Show all posts

Friday, October 18, 2013

HSBC INVEST DIRECT TO CLOSE ITS OPERATIONS

HSBC, which acquired IL&FS Investment's brokerage business in 2008, will be shutting its struggling retail brokerage and depository business in India. The company had pumped in over $290 million in the outfit. About 300 employees of the company stand to lose their jobs due to the decision.