HSBC sells Argentina division for $550 million in latest market exit
HSBC signage seen on a building in Singapore's financial centre. The bank is refocusing its operations on the major region of Asia. Photo: AFP
Global bank HSBC has agreed to sell its Argentina division to the financial services company Grupo Financiero Galicia for $550 million (€501m) as it focuses on core Asia operations, it said Tuesday."This transaction is another important step in the execution of our strategy and enables us to focus our resources on higher value opportunities across...