HSBC rumoured to sell Thai retail banking business

The move is seen as part of a plan to exit retail banking businesses that lack scale.

HSBC rumoured to sell Thai retail banking business

HSBC’s Thai retail banking business is rumoured to be up for sale, as part of a restructuring plan for its global retail operations. When asked if a sale was on the cards, a Hong Kong-based spokesperson said “We do not comment on market rumour or speculation.”

Under chief executive officer Stuart Gulliver’s leadership, however, the bank has been trying to transform itself from an unwieldy, bureaucratic organisation into a leaner bank with a focus...

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