HSBC Considers Sale of German Business Units

By
Klaus Schneider
1 min read

HSBC Holdings Plc is reportedly exploring the possibility of selling various business units in Germany, including its wealth-management, custody, and fund administration units. The London-listed lender is said to be working with advisers on a review, with the discussions at an early stage and no certainty they will lead to a sale. The move is part of HSBC's efforts to streamline its operations in Germany, according to sources familiar with the matter.

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