Shares of HSBC Holdings (HBC +2%) close higher after the company spins off HSBC Capital...

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

Shares of HSBC Holdings (HBC +2%) close higher after the company spins off HSBC Capital Management, its U.S. buyout arm, into a new firm called Graycliff Partners. Graycliff Partners has around $1M assets under management which it invests in middle-sized companies providing equity and mezzanine financing.