Mergers & Acquisitions
Retail Banking
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HSBC extends global retreat with $176 million sale of Kazakh bank
HSBC has sold its bank in Kazakhstan to the country's second biggest lender, Halyk Bank HSBK.KZ, for $176 million in cash, continuing a retreat from countries that are unprofitable or where it lacks scale. HSBC Chief Executive Stuart Gulliver has sold or closed 63 businesses in the last three years…
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Click here to read the full story: Reuters