The... Banco Bradesco has reached a deal with HSBC to purchase its unprofitable business in Brazil for $5.2bn. The bank will pay $US1.3bn (£960m) and take over the Brazilian operations of HSBC's US operations. Santander had also been interested in acquiring the unit.
Banco Bradesco has reached a deal with HSBC to purchase its unprofitable business in Brazil for $5.2bn. The bank will pay $US1.3bn (£960m) and take over the Brazilian operations of HSBC's US operations. Santander had also been interested in acquiring the unit.