France

HSBC warns France retail bank sale may not go through

2 years ago
BusinessL

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</p> <p>LONDON (Reuters) – HSBC’s planned sale of its French retail banking business to Cerberus-backed My Money Group may fall through due to interest rate rises in France, the British bank said on Friday.</p> <p>Rate hikes have increased the amount of capital required by the enlarged purchaser after completion, HSBC said.</p> <p>“Unless this issue is addressed, the Purchaserwill be unable to obtain regulatory approval for the Transaction,” HSBC said.</p> <p>HSBC announced the proposed deal in June 2021 at a nominal price of one euro. </p> <p> (Reporting by Lawrence White; Editing by Mark Potter)</p> </div> <p>[ad_2]<br /> <br /><a href="https://kalkinemedia.com/uk/business-news/banking-investment/hsbc-warns-france-retail-bank-sale-may-not-go-through">Source link </a></p> </div> <footer class="entry-meta"><span class="tag-links"><span class="label">Tags:</span> <a href="https://www.business-line.com/tag/bank/" rel="tag">bank</a>, <a href="https://www.business-line.com/tag/france/" rel="tag">France</a>, <a href="https://www.business-line.com/tag/hsbc/" rel="tag">HSBC</a>, <a href="https://www.business-line.com/tag/hsbc-warns-france-retail-bank-sale-may-not-go-through/" rel="tag">HSBC warns France retail bank sale may not go through</a>, <a href="https://www.business-line.com/tag/retail/" rel="tag">retail</a>, <a href="https://www.business-line.com/tag/sale/" rel="tag">Sale</a>, <a href="https://www.business-line.com/tag/warns/" rel="tag">warns</a></span><!-- .tag-links --></footer><!-- .entry-meta --></div> <nav class="navigation post-navigation" aria-label="Posts"> <h2 class="screen-reader-text">Post navigation</h2> <div class="nav-links"><div class="nav-previous"><a href="https://www.business-line.com/germany-fm-urges-china-to-tell-russia-to-stop-war/" rel="prev">Germany FM urges China to tell Russia to stop war</a></div><div class="nav-next"><a href="https://www.business-line.com/stocks-are-mixed-on-big-bank-profits-worries-about-rates/" rel="next">Stocks are mixed on big bank profits, worries about rates</a></div></div> </nav> </main><!-- #main --> </div><!-- #end of primary div--> <aside id="secondary" class="col-lg-4 widget-area"> <div class="sticky-sidebar"> <section id="search-5" class="widget widget_search"><form action="https://www.business-line.com/" method="get" class="search-form"> <label class="assistive-text"> Search </label> <div class="input-group"> <input type="search" value="" placeholder="Search" class="form-control s" name="s"> <div class="input-group-prepend"> <button class="btn btn-theme">Search</button> </div> </div> </form> </section><section id="magazinenp_block_post_widget-6" class="widget magazinenp-block-post-widget"> <div class="widget-title-wrapper"><h3 class="widget-title">Recent Additions</h3></div> <div class="row gutter-parent-14"> <div class="col-sm-6 post-col"> <div class="post-item mnp-post-boxed"> <div class="post-content"> <div class="entry-meta category-meta"> <div class="cat-links"> <a class="mnp-category-item mnp-cat-1" href="https://www.business-line.com/category/business-line/" rel="category tag">Business Line</a> </div> </div><!-- .entry-meta --> <h3 class="entry-title"><a href="https://www.business-line.com/tagesordnungspunkt-ernahrer-spielen-sie-irish-eyes-online-fur-jedes-schnelle-gewinnauszahlung/">Tagesordnungspunkt Ernährer Spielen Sie irish eyes online für jedes schnelle Gewinnauszahlung</a></h3> <div class="entry-meta"> <div class="date created-date"><a href="https://www.business-line.com/tagesordnungspunkt-ernahrer-spielen-sie-irish-eyes-online-fur-jedes-schnelle-gewinnauszahlung/" title="Tagesordnungspunkt Ernährer Spielen Sie irish eyes online für jedes schnelle Gewinnauszahlung"><i class="mnp-icon fa fa-clock"></i>40 seconds ago</a> </div> <div class="by-author vcard author"><a href="https://www.business-line.com/author/xtw183877bca/"><i class="mnp-icon fa fa-user-circle"></i>xtw183877bca</a> </div> </div> <div class="entry-content"> <p>Content Spielen Sie irish eyes online | Über welchen Zahlungsmethoden erfolgt diese schnellste Ausschüttung? 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