HSBC Offloads Sri Lanka Consumer Unit, Focuses On Global Corporate Clients - HSBC Holdings (NYSE:HSBC)
HSBC Holdings’ (NYSE: HSBC) shares are trading relatively flat in the premarket session on Friday.The banking giant recently announced plans to exit its retail banking operations in Sri Lanka, agreeing to transfer the business to Nations Trust Bank PLC.The deal includes about 200,000 customer accounts, credit cards and consumer loans, while leaving HSBC's institutional banking division in the country intact.Also Read: Wall Street’s Most Accurate Analysts Give Their Take On 3 Risk Off Stocks Delivering High- ...