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Home | HSBC abandons Russian retail banking |
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HSBC abandons Russian retail banking
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- April 26, 2011
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HSBC is pulling out of the Russian retail-banking sector with immediate effect. An “important announcement” on the group’s Russian website states “we have made the decision to concentrate our business in Russia on servicing corporate clients”. Accordingly: “The retail banking operations, including HSBC Premier and HSBC Plus, will be closed to new business with immediate [...]
- Read more at:http://www.bankingtimes.co.uk/2011/04/26/hsbc-abandons-russian-retail-banking/
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