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HSBC Bank Argentina S.A. was the principal HSBC operating company in Argentina. It was the seventh-largest bank in the country, it provided a full range of banking and financial products and services, including commercial, consumer and corporate banking , to over 1.2 million customers.
Javier Gerardo Milei [b] (born 22 October 1970) is an Argentine economist and politician who has served as President of Argentina since 2023. He has taught university courses and written on various aspects of economics and politics and also hosted radio programmes on the subject.
HSBC has agreed to sell its business in Argentina to Grupo Financiero Galicia — the largest private financial group in the country — for $550 million, the UK-based bank said Tuesday.
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HSBC México: 40.67 22 Scotiabank México: 38.85 23 Banco de la Nación Argentina: 33.42 24 BAC Panama: 32.24 25 Grupo Inbursa: 30.41 26 Intercorp Perú: 29.27 27 Banco Cooperativo Sicredi 28.47 28 Banco Citibank 28.40 29 BBVA Perú: 25.74 30 Bicapital Corp. 24.29 31 Banco Votorantim: 23.03 32 Banco de la República Oriental del Uruguay: 22.00 ...
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Still, the level of bank utilization in Argentina remained relatively low, and bank intermediation represented only about 30% of the GDP — a much lower ratio than those of Chile, Mexico, or Brazil, for example. Nevertheless, the banking system suffered a fatal flaw: it lent dollars and took deposits in Argentine pesos (nominally argendollars).
HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.