HSBC exits Brazil as group profit falls
HSBC has agreed to sell its Brazilian business to local group Banco Bradesco, the British banking giant announced Monday alongside news of a fall in net profits.
Aug 03, 2015, 21:08 PM ISTHSBC profits fall 3.8% in Q2, Brazil sell-off agreed
HSBC announced Monday that net profit fell 3.8 percent in the three months to June, as the company agreed to sell its Brazilian business for $5.2 billion to Brazil`s Banco Bradesco.
Aug 03, 2015, 16:29 PM IST