Word: hsbc
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...million-dollar gift from HSBC Bank USA will endow a new set of fellowships in ethics at Harvard's Center for Ethics and Professions, the bank's parent company, HSBC Holdings, announced yesterday...
...creation of the fellowships is an appropriate way for HSBC to honor Edmond Safra's memory," HSBC Chair Sir John Bond said in a press release...
...Safra will be remembered as a man whose achievements as a banker are recognized throughout the world, and whose commitment to education was equally great," President Neil L. Rudenstine said in the press release. "It is fitting that HSBC Bank USA has chosen to recognize...
Born in Beirut in 1932, Safra joined his family's banking business as a young man. Eventually, Safra founded the Republic Bank of New York in 1966, which merged with HSBC Bank USA after Safra's death...
...then investing them in safe, modest-yielding assets. The secretive billionaire had long been known as a generous contributor to Jewish causes around the world. Last week he was on the verge of wrapping up his life's work, the sale of Republic National and Safra Republic holdings to HSBC Holdings, Britain's largest bank, for $10 billion. Banking experts believe the sale will be completed despite Safra's death...