HSBC Looks to Unload French Retail Bank

HSBC Holdings PLC is preparing to put its French retail bank on the sales block in one of its first strategic actions under new interim Chief Executive Noel Quinn, people familiar with the matter said. The potential disposal of the money-losing French unit is part of a longer-term effort to shed businesses where the bank lacks scale or strategic need, the people said. HSBC, one of the world’s largest banks by assets with a sprawling global footprint, since 2011 has exited more than 100 businesses and reduced the countries…

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