HSBC completes sale of retail banking business in France By Reuters

From Investing.com:

HSBC Continental Europe completed the sale of its retail banking business in France to Crédit Commercial de France, a subsidiary of My Money Group. The transaction, which was completed on January 1st, gives My Money Group total assets surpassing 30 billion euros and a liquidity position of around 10 billion euros. In June 2021, HSBC announced the proposed deal at a nominal price of one euro. Last year, Royal Bank of Canada won approval for its C$13.5 billion acquisition of HSBC’s Canadian unit. ($1 = 0.9061 euros)



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