Brazilian Brokerage XP to Acquire Local Investment Bank Banco Modal

On Friday January 7, XP Inc. a Brazilian investment management company, announced an agreement reached that would make it acquire Banco Modal, a Brazilian investment banking firm. XP stated that it is...

HSBC to Sell 39% Stake of Its China Brokerage Joint Venture Partner

On January 5, HSBC Holdings plc, a UK multinational investment bank, announced plans to sell a majority of its stake in a China securities brokerage joint venture company. An exchange filing showed an...