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 ...

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 ...

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 ...