HSBC shares climbed 1.3 per cent on Friday to HK$75.2 after the London-based lender said it was considering the sale of its troubled Brazilian unit and a US court reversed a US$2.5 billion judgment on a 12-year-old securities-fraud case against the bank.
The Hongkong and Shanghai Banking Corporation is one of Hong Kong's biggest banks. It was founded in Hong Kong on March 3, 1865, and in Shanghai one month later. Its headquarters are located in London, England.
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