Nations Trust Bank (NTB) Accused of Potential Double Recovery in HSBC Loan Acquisition

Concerns are mounting over the legal rights of thousands of HSBC Sri Lanka customers particularly those classified as bad or non-performing borrowers following the Central Bank’s recent approval for Nations Trust Bank (NTB) to acquire HSBC’s retail banking business in Sri Lanka. Legal experts warn that the transfer raises serious questions about contractual validity, borrower … Continue reading Nations Trust Bank (NTB) Accused of Potential Double Recovery in HSBC Loan Acquisition