LONDON :HSBC on Wednesday announced new potential terms that might pave the way for a strategically-important sale of its French retail banking business after the transaction stalled earlier this year on regulatory capital concerns.
HSBC will also retain a portfolio of home loans worth around 7 billion euros, originally earmarked as part of the deal and which it said it might still look to sell at a later date. As part of the deal HSBC will now also receive a profit participation interest of 1.25 times the amount invested, in exchange for investing up to 407 million euros of capital into My Money Group's top holding company.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »