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 is a primarily domestic-focused ... will for the time being remain in Mexico and the United States. The bank announced in February that its net profit would increase by more ...

Banking giant HSBC is selling off ... denominated book value of HSBC Argentina into US dollars," HSBC said. In 2023 alone, these losses grew by $1.8bn, the bank added. The exact losses may well ...