HSBC pulls out of Argentina at a $1 billion loss as Asia pivot continues

The move "enables us to focus our resources on higher value opportunities across our international network,” said CEO Noel Quinn.

By: Fortune

Apr 09 2024
45
3394 Views

HSBC Holdings Plc agreed to sell its business in Argentina, and will book a $1 billion charge in the first quarter from the disposal as the lender hones its focus on faster growing Asian markets. The bank will sell the operations to Grupo Financiero ... [2932 chars]

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HSBC pulls out of Argentina at a $1 billion loss as Asia pivot continues

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