You're one step closer to unlocking our suite of comprehensive and robust tools.
Fill out the form so we can connect you to the right person.
Report: HSBC in discussions to sell Lebanese unit to BLOM BANK
IFRS 9: Time is Running Out for Insurance Companies to Comply
5 Quant Research Traps to Avoid
Wind Power by the Numbers: U.S., Canada and Mexico
CUSIP Identifier Requests for New U.S. Corporate Debt Surge in January
HSBC Holdings Plc has held talks to sell itsLebanon-based unit to Lebanese lender BLOM BANK SAL, Bloomberg News reported July 25, citingboth lenders.
However, HSBC told the newswire in an emailedstatement that there is no certainty if a binding agreement will be reached. Themove comes as the bank attempts to reduce annual costs by up to $5.0 billion by the end of 2017.
HSBC has three branches and employs about 200people in Lebanon, Bloomberg noted.