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HSBC: Dividends/ StanChart is “Little India”

In Banks, India on 07/10/2015 at 10:01 am

From NYT Dealbook:

Skeptics of HSBC Dividend Are in for a Surprise The bank’s prospective dividend yield of about 6.5 percent is high, but investors worried about its payout shouldn’t fret much, Paul J. Davies writes in the Heard on the Street column.

FT reported that India is so impt to StanChart that it’s planning to set up a subsidiary so that it can expand its branch network there. A wag commented: “In Singapore there is an area known as “Little India” (I had lunch in the area yesterday). Go into the offices of StanChart’s regional office here and any S’porean would think that “Little India” has expanded into the Marina Bay area.”

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