HSBC Sells Argentina Operations for $550M Amid Focus on Higher-Growth Markets
KEY TAKEAWAYSHSBC is selling its Argentina business to Grupo Financiero Galicia for 1 billion loss for HSBC in the first quarter of 2024.The deal follows several others as HSBC focuses on higher-growth markets like Asia. HSBC Holdings (HSBC) will sell its banking operations in Argentina to Grupo Financiero Galicia for 1 billion first-quarter loss, the bank said Tuesday. Grupo Financiero Galicia will acquire all of HSBC's ...