HSBC's (HBC) Latin American unit agrees to sell HSBC Panama to Bancolombia for $2.1B in cash....

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

HSBC's (HBC) Latin American unit agrees to sell HSBC Panama to Bancolombia for $2.1B in cash. The move furthers HSBC's goal of concentrating its Latin American business on the core markets of Brazil, Mexico, and Argentina. (PR)