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ALV News2 articles
HSBC Sells Singapore Insurance Unit at 23x Earnings; Buyback Decision Looms
HSBC has agreed to sell its Singapore insurance business to Allianz for S$2.7 billion, representing 22.9 times projected 2025 earnings, as the bank nears a key capital return decision.
Retirement savings gap widens as US workers tap plans
A Schroders survey reveals 51% of US workers expect to retire with under $500,000, as 27% cut contributions or borrowed from plans. The target nest egg dropped to $1.2 million.