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BREAKING NEWS

HSBC France management denies plan to sell retail business, says union

HSBC France management denies plan to sell retail business, says union
People pass by an HSBC branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid -
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BRENDAN MCDERMID(Reuters)
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PARIS (Reuters) – Management of HSBC <HSBA.L> in France on Thursday denied rumours about the bank’s exit from retail banking in the country in a message to staff, a union source said.

“We have just received a denial of the rumours by the general management,” the union source told Reuters.

The Wall Street Journal reported the plan on Wednesday.

HSBC was not immediately available for a comment.

(Reporting by Maya Nikolaeva in Paris and Lawrence White in London; Editing by Richard Lough)

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