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  1. HSBC is exiting non-core operations across continental Europe, completing sales in Argentina and Armenia, and reviewing divestments in Bahrain.
  2. HSBC has been executing strategic divestments, including selling its life insurance business in the U.K. and the U.S., while operational shifts continue in Europe and Asia.

HSBC Continental Europe is operating a custody business in Germany.

2 reports, 1 independent Updated Jul 2
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What happened

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HSBC Continental Europe is operating a custody business in Germany.

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HSBC

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  1. HSBC is moving employees to Frankfurt and cutting back European teams as part of its operational shift.1 source
  2. HSBC operates a custody business in Germany as part of its ongoing European operations.

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Part of

HSBC has been executing strategic divestments, including selling its life insurance business in the U.K. and the U.S., while operational shifts continue in Europe and Asia.

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All 3 developments

Within HSBC is exiting non-core operations across continental Europe, completing sales in Argentina and Armenia, and reviewing divestments in Bahrain.

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