HSBC (HBC) cuts more non-core assets, announcing the sale of its Singapore insurance business to...

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

HSBC (HBC) cuts more non-core assets, announcing the sale of its Singapore insurance business to AXA (AXAHY.PK) in a deal valued at about $19.3M. The move is a small part of a plan to save $3.5B in expenses and reduce headcount by 30K.