HSBC (HBC -0.6%) continues its global retrenchment as it agrees to sell its banking operations...

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

HSBC (HBC -0.6%) continues its global retrenchment as it agrees to sell its banking operations in Costa Rica, El Salvador and Honduras to Colombia's Banco Davivienda for $801M. The units HSBC is selling have 136 branches, assets of about $4.3B and loans of $2.5B. (PR)