HSBC has agreed to sell its business in Argentina to Grupo Financiero Galicia — the largest private financial group in the country — for $550 million, the UK-based bank said Tuesday.

HSBC Argentina has more than 100 branches, with roughly 3,100 employees and approximately one million clients. As of Feb 29, 2024, it had total assets of $4.7 billion, ...

Grupo Financiero Galicia: HSBC Argentina Acquisition Adds New Fuel To The Bull Case. Apr. 15, 2024 12:07 AM ET Grupo Financiero Galicia S.A. (GGAL) Stock HSBC, HBCYF, GGAL 122 Comments 3 Likes.

HSBC , is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire to focus on Asia.

HSBC is offloading its business in Argentina at a $1bn (£790m) loss amid a battle to calm hyperinflation by Javier Milei, the country’s new “anarcho-capitalist” president.

YPF (NYSE:YPF) +9.5% in Monday's trading as HSBC upgrades shares of Argentina's state-run oil producer to Hold from Reduce with a $33 price target, raised from $21, citing improved country, sector ...

HSBC has agreed to sell its business in Argentina to Grupo Financiero Galicia — the largest private financial group in the country — for $550 million, the UK-based bank said Tuesday.

HSBC has agreed to sell its business in Argentina to Grupo Financiero Galicia — the largest private financial group in the country — for $550 million, the UK-based bank said Tuesday.

New Delhi (CNN) — HSBC has agreed to sell its business in Argentina to Grupo Financiero Galicia — the largest private financial group in the country — for $550 million, the UK-based bank ...