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 focus on ...

HSBC Holdings Plc’s HSBC subsidiary, HSBC Continental Europe,has reached an agreement to sell its custody operations in Germany to BNP Paribas BNPQY. This potential transaction marks another milestone ...

Hong Kong/London — HSBC said Tuesday that it would combine some of its commercial and investment banking operations in a major overhaul under its new CEO, which will see it cut costs while trying to ...

HSBC Holdings Plc is weighing combining its commercial and investment bank divisions as part of new Chief Executive Officer Georges Elhedery’s push to eliminate overlapping roles across the company ...

HONG KONG/LONDON (Reuters) -HSBC merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO Georges Elhedery that also included the ...

HSBC (NYSE:HSBC) will sell its Argentina business for $550M to Buenos Aires-based Grupo Financiero Galicia and book a $1B pre-tax loss from the sale in Q1 2024. The deal - expected to be completed in ...

After shutting its retail banking business in the United States in 2021, HSBC Holdings PLC HSBC is now set to close its business banking division in the country. This announcement comes amid the ...

HSBC Holdings Plc (NYSE:HSBC) is reportedly planning to recruit about 50 more bankers in its U.S. commercial bank to lend to startup companies, mainly in the technology and healthcare sectors. The ...

HSBC’s custody business in Germany focuses on domestic custody, clearing and depository services for German institutional clients. Although the financial terms of the agreement remain undisclosed, the ...