PARIS (Reuters) - HSBC's (HSBA.L) sale of its seven French regional banking subsidiaries to Banque Federale des Banques Populaires will result in a capital gain of 1.5 billion euros (1.1 billion pounds), an HSBC official said on Monday.
HSBC said last week it had entered into exclusive talks with Banque Populaires for the sale of the 400 branches.
(Reporting by Yann Le Guernigou, Dominique Vidalon)
NEW YORK (Reuters) - Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi asserted their innocence on Monday to charges of securities fraud, in what U.S. prosecutors describe as the biggest hedge fund insider trading case ever.
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