71 HSBC announced the successful completion of the sale of its Retail Banking activities in France, marking a significant milestone in its strategic vision for Europe. The transaction, which received all necessary regulatory approvals, was finalized on January 1, 2024.Noel Quinn, Group CEO of HSBC, expressed his satisfaction with the completion of the sale, highlighting its importance in the bank’s strategic direction for Europe. He emphasized the positive start to 2024 and reiterated the commitment of the European team to strengthen HSBC’s position as the leading international wholesale bank in the region, supported by a targeted Wealth and Private Banking business. The completion of the sale underscores HSBC’s dedication to refining its operations and focusing on key areas of growth and profitability in line with its broader strategic objectives. You Might Be Interested In Amazon Partners with Affirm for Buy Now, Pay Later Service Targeting Small Business Owners Citizenship Eased for Minority Groups from 3 Nations In-line Forwarder maximizes seller success through China to PHL new service US Regulator Proposes Tighter Scrutiny for Bank Mergers Over $100 Billion Rethinking Labour Laws: A Post-Brexit Regulatory Rebalance additiv Et with New Dubai Officexpands Presence in Middle Eas
