HSBC subsidiary sells French retail banking business
PARIS, France: This week, HSBC subsidiary HSBC Continental Europe (HBCE) said it completed the sale of its retail banking business in France to Credit Commercial de France (CCF), a subsidiary of My Money Group.
"All necessary regulatory approvals were obtained, and the transaction was completed on 1st January," HSBC said.
On December 31, My Money Group said after the sale, its assets will total more than Eu