Investment banks

HSBC has decided to retain its Turkish operations after the offers it received for the unit were deemed not to be in the best interest of shareholders, Group CEO Stuart Gulliver said in a statement on Feb. 22.

HSBC is expected to make an announcement about plans for its Turkey unit on Feb. 22, a source close to the matter has told Anadolu Agency. 

The bank, which had said earlier it would sell its Turkey unit, will reveal its plans about restructuring in the country, according to the source. 

ING Groep NV, the largest Dutch financial services company, has abandoned a plan to acquire HSBC Holdings Plc's unprofitable Turkish unit, Bloomberg reported on Dec. 16.

Regulatory hurdles contributed to the decision, Bloomberg reported, citing two people with knowledge of the matter. 

Turkey's Fibabanka has joined the ranks of banks interested in buying HSBC's Turkish unit, two sources close to the matter told Reuters, a business that is also being considered by ING Group.

Greece’s financial institutions are holding a series of meetings with international investors participating in Greece’s systemic banks in view of the recapitalization process to be completed later this year.

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.

HSBC is set to agree to sell its Turkish business to Dutch lender ING Group for around $700 million-$750 million in the next few days, two people familiar with the matter told Reuters on July 22.

HSBC, the 12th-largest bank in Turkey, is selling the money-losing business in a global drive to cut costs and assets, boost profitability and reduce complexity.

Dutch lender ING Group has emerged as the leading bidder for HSBC?s Turkish business, a person familiar with the matter said on July 2.

Three people familiar with the matter said HSBC had narrowed down the field to one suitor, and one of the sources said that it was ING.

When I travelled to England to watch my beloved Be?ikta? against Liverpool, I drove as far north as Hadrian?s Wall, which was built by the Romans in the second century as a defensive fortification. Another eagle is again on a collision course with Picts nearly two millennia later.

Spanish bank BBVA is considering making an offer for British bank HSBC?s businesses in Brazil and Turkey, senior bank executive Vicente Rodero said at an annual meeting in Mexico City, website CNNExpansion reported on June 10.