Galicia stands out as a key beneficiary. The buyout of HSBC Argentina adds legs to Galicia’s post-election rally. From here, GGAL’s excess capital position will only grow now that the country ...

BBC: Banking giant HSBC is selling off its business in Argentina at a US $ 1 billion (£790 million) loss after years of battling with the country’s unstable exchange rate. HSBC Argentina ...

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 ...

HSBC logo is seen in this illustration. (Photo source: Reuters) HSBC is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to ...

LONDON, United Kingdom — Global bank HSBC has agreed to sell its Argentina division to the financial services company Grupo Financiero Galicia for $550 million as it focuses on core Asia ...

The bank's shares were up 1.1 per cent. "HSBC Argentina is largely a domestically focused business, with limited connectivity to the rest of our international network," the company said. The Argentina ...

Additionally, it said that when the deal closes, it will have to take a £3.9billion hit from historic foreign exchange losses run up by HSBC Argentina. HSBC will unveil its first quarter results ...

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 ...

HSBC Holdings PLC HSBC entered into a joint agreement with Grupo Financiero Galicia (“Galicia”) to sell its Argentina business. The transaction is valued at $550 million and aims to shift its ...

HSBC Holdings plc, Europe's largest bank by market value, announced Tuesday its decision to sell its business in Argentina to Grupo Financiero Galicia, the largest private financial group in the ...

HSBC Holdings said on Tuesday that it will sell its Argentina business to Grupo Financiero Galicia, the country's largest private financial group, in a deal valued at $550 million. The Asia ...

HSBC announced it's selling HSBC Argentina, boasting over 100 branches and approximately 3,100 employees, to Grupo Financiero Galicia, a leading private financial group in the South American nation.