No Bear Stearns for HSBC - Schwab Likely
Talk that HSBC Holdings (HBC) is about to bid for Bear Stearns (BSC) is highly unlikely, says Mark Thomas at Keefe, Bruyette & Woods. HSBC has said its days of strategic acquisitions are over, and “in terms of geographies, products, and skill base, it’s difficult to see what Bear Stearns could add to what HSBC can grow organically,” he says. HSBC and Bear Stearns not immediately available to comment. HSBC +1% at 905.50p. (NHL)
Analysts at HSBC Watch say HSBC is likely to buy Charles Schwab.
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