“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 ...
Argentina said on Monday it was suspending HSBC Bank Argentina's right to transfer money abroad for 30 days due to “irregularities”, two months after charging it with helping clients evade ...
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HSBC to Book $1 Billion Pretax Loss on Argentina Unit SaleThe bank will sell the operations to Grupo Financiero Galicia for $550 million, subject to some price adjustments, according to a statement on Tuesday. The deal includes all of HSBC Argentina’s ...
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HSBC takes $1 billion hit from Argentina sale as Asia pivot continuesHSBC 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.
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