HSBC Explores Selling Few German Business Units Amid Asia Focus

Continuing with its efforts of focusing more on core operations in Asia, HSBC Holdings plc (HSBC) plans to sell its various business units in Germany. The news was first reported by South China Morning Post, citing people familiar with the matter.According to the people familiar with the matter, who asked not to be identified as the talks are private, HSBC has started working with advisers on a review. The talks are at an early stage and it is not yet certain whether a sale will take place.The units in cons ...