HSBC bolsters Hang Seng balance sheet with $1.4 billion loan transfer

By Selena LiHSBC LSE:HSBA has acquired loans worth HK$11 billion ($1.4 billion) from fully owned subsidiary Hang Seng Bank, as Hong Kong’s biggest banking group seeks to shore up the unit's balance sheet following investor concerns during the property slump.The deal was "conducted on arm’s length t…