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

by The Kyiv Independent news desk July 7, 2022 7:41 AM 1 min read
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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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