Live Breaking News & Updates on Aires Based Galicia
Stay updated with breaking news from Aires based galicia. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
HSBC to Sell Argentina Business to Galicia in $550 Million Deal usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
HSBC to book $1bn loss from sale of Argentina business rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
(Reuters) -HSBC Holdings said on Tuesday it will sell its Argentina business and record a $1 billion pre-tax loss from the divestment in the first quarter of fiscal 2024 as the lender moves to sharpen its focus on Asia. HSBC will sell the business, which covers banking, asset management and insurance and $100 million in subordinated debt, to Grupo Financiero Galicia for $550 million, according to a statement. Buenos Aires-based Galicia is Argentina's fifth largest bank. ....
: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-focussed bank said its unit, HSBC Latin America B.V., has signed a deal to sell the operations in Argentina to Galicia. ....