HSBC will not sell its business in Mexico, Chief Executive Stuart Gulliver said in an interview published on Monday, as the British bank embarks on a plan to shrink itself to boost profits.
“The future of the Mexican economy is good and it doesn’t make any sense for HSBC to sell its banking operation in Mexico,” Gulliver told Mexico’s Reforma newspaper. “We have everything we need to compete from here.”
In February, Gulliver identified Brazil, Mexico, Turkey and the United States as “problem” countries that have one to two years to prove their worth. It has since said it would sell Brazil and Turkey.
(Reporting by Christine Murray Editing by W Simon)
more recommended stories
Treasures from China coming to Mérida’s CIC
The International Congress Center of Yucatan.
Jury may consider lesser charge against border agent who shot Mexican teenager
Closing arguments are expected in Tucson,.
People remember Mexican icon Pedro Infante in the place of his death, in Mérida, Yucatán
On Sunday 15 2018, Father Raymundo.
INAH discovers medicinal plants in archaeological zone of Uxmal, Yucatán
Researchers from the National Institute of.
Assisted reproductive treatments are up to 50% less expensive in Mexico than in other countries
Assisted reproductive treatments are boosting Medical.
Mérida stands out as a world-class tourist destination at the Tianguis Turístico Mazatlán 2018
During its participation in the Tianguis.
Former U.S. First Lady Barbara Bush dies at 92
Barbara Bush, the beloved wife of.
Number of AIDS cases doubled in Yucatán
So far, the number of cases.
Domestic violence, considered an epidemic in the state of Campeche
CAMPECHE, Cam.- During the week of.
Corpse found inside a cenote near Playa del Carmen
On April 16, residents of fraccionamiento.