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HSBC Middle East

HSBC’S Oman unit merger halted after creditor suit

Oman has temporarily halted a merger between HSBC's operations in the Gulf Arab state and Oman International Bank due to a lawsuit against the British lender, a source familiar with the matter said on Thursday.

May 26, 2012 3:21
 
HSBC Merges Oman Unit with Local Lender Oman International Bank

HSBC Merges Oman Unit with Local Lender Oman International Bank

HSBC is to merge its business in Oman with Oman International Bank (OIB) and hold a majority stake in the enlarged operation, Europe's biggest bank said on Wednesday.

April 18, 2012 4:36