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HSBC HOLDINGS Sells Bahrain Retail Banking Unit
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HSBC HOLDINGS (00005.HK) agreed to sell its retail banking business to Bank of Bahrain and Kuwait, without disclosing the price of the deal, Reuters reported. The deal involves a retail lending and deposit business with about 76,000 customers. Bank of Bahrain and Kuwait is owned by the governments of Bahrain and Kuwait. The sale excludes Bahrain's corporate and private banking businesses. AAStocks Financial News |
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