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
The “Pueblos Mágicos” program will once again receive government funding
Zacatecas, Mexico – At a tourism fair.
‘Hot Sale’ offers online deals & discounts in Mexico (May 27-31)
From May 27-31, 2019, some of.
American Airlines challenges Trump’s restrictive policy and opens more flights to Cuba
American Airlines, the international airline with.
The ‘American Taliban’ is released from prison.
Can radicals re-enter society? TERRE HAUTE.
AMLO confident that the USMCA will be ratified
Andrés Manuel López Obrador says he.
More than 18,000 Central Americans seek asylum in Mexico
After a surge in asylum applications.
IKEA plans to open first Mexico store in 2020
MEXICO CITY, May 22 (Reuters) –.
US military to set up tents for migrants on southern border
Washington (AFP) – The American military.
Mexico to auction expensive sports cars seized from criminals
Mexico City (AFP) – Mexico announced.
Boys and girls sing the Mexican National Anthem in Maya language (VIDEO)
Lyrics that give us identity to.