British banking giant HSBC is not considering a sale of its business in Mexico, the bank’s CEO Stuart Gulliver told Mexican newspaper Reforma.
"The future of the Mexican economy is good and it doesn’t make any sense for HSBC to sell its banking operation in Mexico," Reuters quoted Gulliver saying to the Mexican newspaper.
Go deeper with GlobalData
"We have everything we need to compete from here," Gulliver added.
In February 2015, Gulliver identified Brazil, Mexico, Turkey and the United States as problem countries and disclosed plans to sell units in Brazil and Turkey during his investor day speech recently.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
