Month: August 2015

HSBC Sells Out of Brazil

August 10, 2015

HSBC Holdings announced that it will sell its Brazilian unit to Banco Bradesco SA for US $ 5.2 billion, coming out of the second largest emerging market economy after years of mediocre performance, according to Reuters. In a statement, HSBC said the agreement includes the sale to Bradesco of the HSBC Bank Brasil SA Banco […]

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