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HSBC to book $1 billion loss on Argentina unit sale

Bank will sell operations to Grupo Financiero Galicia for $55m

HSBC Joins Firms Exiting Argentina Amid Milei Economic Makeover

(Bloomberg) Argentine President Javier Milei is trying to draw foreign investment to help stabilize a faltering economy. Some big international companies are abandoning the country instead.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will Get StuckChinese Cement Maker Halted After 99% Crash in 15 MinutesApple’s India iPhone Output Hits $14 Billion in China ShiftBond Trader Places Record Futures Bet on Ev

HSBC joins firms exiting Argentina amid Milei's economic makeover

Foreign companies reluctance contrasts with local optimism; Exxon and Clorox decided to divest investments in Argentina.

HSBC to Book $1 Billion Pretax Loss on Sale of Argentina Unit

HSBC to take USD1 billion loss on sale of Argentina business

HSBC Holdings PLC on Tuesday said it will sell its business in Argentina to Grupo Financiero Galicia SA, which it called the largest private financial group in the South American country. The.