HSBC continues its aggressive attack on costs, agreeing to sell its operations in Colombia, Peru, Uruguay and Paraguay to Colombian bank, Banco GNB Sudameris for US$400 million. The London-based bank says the sale includes 62 branches and assets totalling US$4.4 billion as of the end of 2011. The sale is subject to regulatory approval in the respective countries and the…
HSBC to sell businesses in four Latin American countries for US$400 million
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