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HSBC Sells Argentine Business: Very Small Spread Positive

FINANCIALS

HSBC sells Argentine business, recognises loss on sale (USD1bn) but (marginally) derisks and simplifies group. If anything, a minor spread positive, we feel. The local entity’s sub debt is being subsumed by the buyer.


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HSBC sells Argentine business, recognises loss on sale (USD1bn) but (marginally) derisks and simplifies group. If anything, a minor spread positive, we feel. The local entity’s sub debt is being subsumed by the buyer.


Keep reading...Show less