HSBC Holdings Plc (HSBA LN): Europe's largest bank by marketvalue said after the market close it will set up a program tosell 15 billion euros ($19 billion) of so-called covered bondsthat are backed by U.K. home loans. The company also plans toform a joint venture with a Chinese financial services companythis year to offer insurance in the world's fastest growing majoreconomy, HSBC spokesman Patrick McGuinness said. The shares fell2 pence, or 0.2 percent, to 1,008 pence.
Tags:
UK home loans
Financial services company
Growing Major Economy
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