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Reuters: British HSBC bank in talks to sell its Russian lending unit

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London-based HSBC Holdings is in talks to sell its Russian unit to local lender Expobank, Reuters reports citing a source with knowledge of the matter. HSBC's corporate lending business employed around 200 people on the eve of the Feb. 24 invasion, according to HSBC's Chief Financial Officer Ewen Stevenson.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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