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Market Chatter: HSBC Plans to Combine Singapore Banking Operations

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HSBC (HKG:0005) is planning to consolidate its Singapore banking operations under a single entity to simplify its local structure, Bloomberg News reported Thursday, citing people familiar with the matter.

The restructuring would bring the bank's wholesale, retail, and private banking businesses in Singapore under one roof, according to the report.

HSBC did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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