Business

HSBC France management denies plan to sell retail business, says union

PARIS (Reuters) – Management of HSBC <HSBA.L> in France on Thursday denied rumours about the bank’s exit from retail banking in the country in a message to staff, a union source said.

“We have just received a denial of the rumours by the general management,” the union source told Reuters.

The Wall Street Journal reported the plan on Wednesday.

HSBC was not immediately available for a comment.

(Reporting by Maya Nikolaeva in Paris and Lawrence White in London; Editing by Richard Lough)

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