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 Acquisition Adds New Fuel to the Upside Case Argentina’s banking system may be consolidating if recent acquisitions, most notably GGAL’s buyout of HSBC Argentina, are anything to go by.

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.

HSBC Argentina has over 100 branches throughout the country, 3,100 workers, and around one million customers, which would render Banco Galicia the second-largest in the country behind the state ...

HSBC announced its agreement to sell its business in Argentina for $550 million, with a $1 billion pre-tax loss in the first quarter of 2024.

HSBC Holdings Plc. acordó vender su negocio en Argentina, y registrará un cargo de US$1.000 millones en el primer trimestre por la operación, en un momento en que el banco se centra en los ...

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 ...