HSBC to put loss-making French retail bank on the auction block
HSBC Holdings
661.90p
17:14 25/04/24
-0.26%
-1.70p
HSBC is preparing to put its loss-making French retail lender on the auction block.
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The move, one of the first by its interim chief executive officer, Noel Quinn, was part of a drive to focus on businesses were HSBC had sufficient scale or where there was a strategic need, the Wall Street Journal reported, citing people familiar with the matter.
Shares of HSBC finished the session 1.94% higher at 625.50p.