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HSBC to put loss-making French retail bank on the auction block

Wed 11 September 2019 17:39 | A A A

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(Sharecast News) - HSBC is preparing to put its loss-making French retail lender on the auction block.

The move, one of the first by its interim chief executive officer, Noel Quinn, was part of a drive to focus on businesses were HSBC had sufficient scale or where there was a strategic need, the Wall Street Journal reported, citing people familiar with the matter.

Shares of HSBC finished the session 1.94% higher at 625.50p.

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