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Friday, August 28, 2015

Emboldened by $5.2 bln Brazil deal, HSBC drags feet in Turkey -sources | Reuters

Emboldened by $5.2 bln Brazil deal, HSBC drags feet in Turkey -sources
ISTANBUL | By Nevzat Devranoglu and Asli Kandemir

Aug 28 HSBC is dragging its feet on the sale of its Turkish business to ING Group, two sources familiar with the matter said, as the bank is no longer in a hurry to exit Turkey after securing a hefty $5.2 billion for its Brazilian unit.

More:Emboldened by $5.2 bln Brazil deal, HSBC drags feet in Turkey -sources | Reuters