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

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 Galicia for $550 million, subject to some price…#hsbcholdingsplc #argentina #hsbcargentinas #noelquinn #argentine #hsbcargentina #javiermileis #hsbc #argentinian #singapore
Source: Reuters: Health - Category: Consumer Health News Source Type: news