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.

Banking giant HSBC is selling off its business in Argentina at a $1bn (£790m) loss after years of battling with the country's unstable exchange rate. HSBC Argentina, which has more than 100 ...

HSBC moved to conclude another South American misadventure today when it sold its troubled Argentinian arm for $550 million, leaving a loss of $1 billion. The sale to Grupo Financiero Galicia will ...

Investing.com-- HSBC Holdings PLC (LON:HSBA) said on Tuesday that it will sell its Argentina business to private financial group Grupo Financiero Galicia (NASDAQ:GGAL) for $550 million ...

HSBC has agreed to sell its operations in hyperinflation-plagued Argentina in a deal that will deliver a multi-billion pound hit to its profits. Boss Noel Quinn said the bank’s business in the ...

Gary Greenwood at Shore Capital said: “Argentina has been a problematic market for HSBC in recent years given hyperinflation in the region and a sharp currency devaluation, which has resulted in ...