trending Market Intelligence /marketintelligence/en/news-insights/trending/dANPLf67X32MsZTUe7EYDg2 content esgSubNav
In This List

HSBC to conduct strategic review of French retail bank

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


HSBC to conduct strategic review of French retail bank

HSBC Holdings PLC is planning to conduct a strategic review of its French retail operations, according to French banking unions.

In a joint letter, six unions said they had been contacted by the management of HSBC France SA to inform them of the review. One of the possible options is a full or partial sale of HSBC's retail business in France, the unions said.

They also said no final decision on a potential sale had been taken.

HSBC has about 300 branches and 800,000 customers in France following its acquisition of Crédit Commercial de France almost 20 years ago. It holds a 2% market share in lending and retail deposits.