HSBC May Look to Sell Business in Turkey, Sources Say --Reuters
January 29 2020 - 2:00PM
Dow Jones News
--HSBC Holdings PLC may sell its businesses in Turkey if it can
find a local buyer, Reuters reports Wednesday, citing "sources
familiar with the matter."
--The move comes amid HSBC's concerns over the outlook for
Turkey's currency and economy, the report said.
--An HSBC spokeswoman declined to comment, according to the
report.
Full story:
https://www.reuters.com/article/us-hsbc-turkey-exclusive/exclusive-hsbc-considering-exit-from-turkey-sources-idUSKBN1ZS1R2
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 29, 2020 13:45 ET (18:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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