Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

HSBC Holdings plc is a British multinational investment bank and financial services holding company. It is the second largest bank in Europe.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500
Income, mln.USD
33
Staff
200
Glob.Revenue, mln.USD
50480

Has a subsidiary bank in Russia.

The Company Statement
July 21, 2022

Continues to work. Breaks ties with sanctioned banks. HSBC agrees deal to sell Russian unit to Expobank

July 06, 2022HSBC Is in Talks to Sell Russian Unit to Expobank, Sources Say
March 12, 2022HSBC under pressure to follow rival banks and head for the exit
February 28, 2022HSBC orders staff to drop Russian banks VTB, VEB
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