HSBC Said to Explore Sale of Some German Units in Streamlining
The disposals would add to HSBC’s long list of exits from business activities and countries in recent years.
Photographer: Paige Taylor White/BloombergHSBC Holdings Plc is exploring the sale of various businesses in Germany including its wealth-management, custody and fund administration units, according to people familiar with the matter.
The London-listed lender is working with advisers on a review, they said, asking not to be identified because the talks are private. The discussions are at an early stage and there’s no certainty they will lead to a sale, they said.