HSBC Retrenches in Latin America with $2.1 Billion Panama Sale – Fox Business

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HSBC Retrenches in Latin America with $2.1 Billion Panama Sale
Fox Business
HSBC Holdings PLC (HBC) Tuesday said it is selling its Panama business to Bancolombia SA (CIB) for $2.1 billion as the British bank narrows its focus in Latin America amid a larger effort to shrink its global footprint and exit lower-growth countries.

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