Reports HSBC operations in New Zealand will be closed or 'sold off' has been labeled a "simple case of misreporting".
Robert McCambridge Fri, 16 Mar 2012
A reporter who claimed this week HSBC could sell off or close down its New Zealand operation got it wrong.
In a report in the Asian edition of the Financial Times - and republished in New Zealand - Hong Kong-based Paul J Davies suggested HSBC would be selling off or closing several Asian