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HSBC PLC (LON:HSBA) said it would book a US$3bn loss after it agreed on the sale of its French retail bank business to My Money, a group owned by private equity group Cerberus. The UK bank said the businesses being sold comprise a network of 244 retail branches, which serve 800,000 customers, and had assets of €7.1bn.
...read full article on Proactive Investors
