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HomeStock MarketHSBC to sell Argentina business for $550M, expects $1B pre-tax loss (NYSE:HSBC)

HSBC to sell Argentina business for $550M, expects $1B pre-tax loss (NYSE:HSBC)

HSBC Bank - Hong Kong

fazon1/iStock Editorial via Getty Images

HSBC (NYSE:HSBC) will sell its Argentina business for $550M to Buenos Aires-based Grupo Financiero Galicia and book a $1B pre-tax loss from the sale in Q1 2024.

The transaction will be treated as a material notable item and excluded from


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