HSBC Continental Europe (HBCE) has completed the sale of its retail banking operations in France to CCF, a subsidiary of My Money Group.
All necessary regulatory approvals were received and the transaction was completed on January 1, 2024.
Commenting on the transaction, Noel Quinn, Group Chief Executive said:
“I am delighted to announce the completion of the sale of HSBC’s Retail Banking business in France. This represents an important milestone in our strategic vision for Europe. I am excited about this positive start to 2024 – our Europe team will continue to aim to become the leading international wholesale bank in Europe, complemented by a focused Wealth and Private Banking business.”