HSBC Considers Rebuilding Brazilian Investment Bank -FT
November 12 2018 - 6:14AM
Dow Jones News
--HSBC plans to rebuild its Brazilian investment-banking
operations for domestic clients following the sale of its main
business in the country in 2015, the Financial Times reports,
citing unknown sources.
--HSBC is looking at boosting its staff in investment bank staff
in Brazil to around 200 or more, from 80 currently, but has no
plans to re-enter the retail banking sector in the country,
according to the FT.
--HSBC declined to comment to the FT, and Dow Jones
Newswires.
Full story: https://on.ft.com/2PPXoa0
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(END) Dow Jones Newswires
November 12, 2018 05:59 ET (10:59 GMT)
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