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

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.
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