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HSBC Set To Open Branch In Tel Aviv.(Hongkong and Shanghai Banking Corp.)(Brief Article)

Publication: Israel Business Today
Date: Friday, December 1 2000

Israel is drawing an increasing number of leading world banks to open branches or subsidiaries in the country. HSBC is the latest global bank to announce it will open in Tel Aviv. HSBC plans to open both an investment and commercial bank branch at the beginning of 2001. The investment division will focus on investments, raising capital and high tech acquisitions and mergers. The commercial division of HSBC's Tel Aviv branch will focus on private banking and portfolio management. HSBC executives have not yet decided if the bank's

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