HSBC has agreed to sell 6.7 billion euros ($7.81 billion) worth of French home loans to British insurer Rothesay and consortium partner CCF Group, the latter said on Friday.
The portfolio mainly consists of 25-year fixed rate mortgages for residential properties in France, Rothesay said.
The proposed sale comes as HSBC has shrunk its presence in France in recent years as part of a wider pivot to Eastern markets.
The British bank completed the sale of its retail banking business in France in January 2024, to Crédit Commercial de France.
Source : Reuters
Europe’s automotive industry is undergoing a significant transformation. This column uses firm-to-firm data to map…
Numerous studies have analysed the effects of AI on productivity, growth and employment. Few of…
The Bank of England is approaching the 30th anniversary of operational independence and a wide-ranging…
The 2026 Iran war provides a natural experiment that allows model-free estimation of the price…
Estimates of the cost of Russia’s war on Ukraine are dominated by what the war…
Modern manufacturing often requires firms to share confidential information with outside suppliers, some of whom…