HSBC may quit South Korean retail banking sector

HSBC Holdings is considering closing its South Korean retail operations, the Yonhap news agency reported, citing unidentified industry officials and regulators.

Europe's largest lender by market value is reviewing options for the unit, Hyonjin Suh, a Seoul-based HSBC spokeswoman, said in an e-mailed response to questions, declining to elaborate.

via Business feed http://www.scmp.com/business/banking-finance/article/1094074/hsbc-may-quit-south-korean-retail-banking-sector