Regulation, Risk & Compliance
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HSBC Subsidiary to Sell Lebanon Business Arm to Blom Bank
HSBC Holdings plc HSBC announced that its indirect wholly owned subsidiary, HSBC Bank Middle East Limited, has agreed to sell its Lebanon business unit to Blom Bank SAL. Blom Bank stated that the transaction is subject to regulatory approval by Banque du Liban. Also, the assets and liabilities of HSBC…
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