Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling BackHSBC 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 BackGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Has a subsidiary bank in Russia.
Continues to work. Breaks ties with sanctioned banks. HSBC agrees deal to sell Russian unit to Expobank. The South China Morning Post reported on Monday, October 17, 2022 that Hongkong and Shanghai Banking Corporation (HSBC) had sent a letter to most of its Russian clients in the city over the suspension of retail investment services because of sanctions enacted by the European Union. However, the suspension would not affect clients’ personal savings accounts or other personal banking needs, the report noted.