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HSBC (HBC) is said to be nearing a deal to sell its general insurance business for around $1B....

Mar. 01, 2012 2:59 AM ETHSBC Holdings plc (HSBC) StockHSBC, AXAHY, AXAHF, QBIEYBy: Rachael Granby, SA News Editor
HSBC (HBC) is said to be nearing a deal to sell its general insurance business for around $1B. French insurer AXA and Australia's QBE Insurance Group would reportedly split the business.

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