HSBC to sell Argentina business to Grupo Financiero Galicia in $550 million deal

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HSBC expects to record a $1 billion pre-tax loss related to the deal in the first quarter of fiscal 2024, and the divestment fits in with the bank#39;s current Asia pivot strategy as it shifts capital especially to India and China.

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HSBC to sell Argentina business to Grupo Financiero Galicia in $550 million deal

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