British bank HSBC Holdings PLC said Friday it has canceled an agreement to purchase a controlling stake in a South Korean bank from U.S. private equity group Lone Star Funds amid world financial turmoil.
HSBC scraps agreement to buy South Korean bankCourtesy Newsvine - business Thu, 09/18/2008 - 20:29
British bank HSBC Holdings PLC said Friday it has canceled an agreement to purchase a controlling stake in a South Korean bank from U.S. private equity group Lone Star Funds amid world financial turmoil. Related itemsHSBC terminates agreement to buy South Korean bank
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