HSBC will lose $1 billion on the sale of its Argentina business

Boss Noel Quinn said the bank's business in South American country has generated'substantial earnings volatility' for the wider group. HSBC said business in Argentina has generated substantial earnings volatility for wider group in recent years. Bank offloads Argentina arm at a hefty loss of £1.2bn.

HSBC faces $1bn pre-tax loss from planned divestment from Argentina business. The lender continues to refocus its operations on Asian operations. HSBC is set to sell its business in Argentina to focus on Asia rather than Latin America. The bank is expected to make a $1billion loss from the sale of the business in the country.

HSBC to sell Argentine business; BP production boost. Imperial Brands, Warpaint London and DFS to report on trading updates today. HSBC, BP, Imperial Brands and Warpaint are among the companies with reports and trading updates on the market today. DFS, DFS and Imperial Brands are among those with reports on the markets today.

HSBC agrees to sell its business in Argentina to Grupo Financiero Galicia for $550 million. UK-based bank to sell Argentina business to the largest private financial group in the country. HSBC to sell business in $550m deal with the largest bank in Argentina.

HSBC to Book $1 billion Pretax Loss on Sale of Argentina Unit. HSBC Holdings Plc agreed to sell its business in Argentina and will book a hit of $1billion from the disposal. HSBC will book the hit to its pre-tax earnings in the first quarter.

HSBC is set to take a billion-dollar loss by exiting Argentina after nearly 30 years. The banking giant has been in the country for nearly three decades. HSBC has agreed to sell off its Argentina business in a deal worth $1.2billion. The bank has been banking in Argentina for 30 years but has not sold the business since 2008.