HSBC’s Strategic Exit: Retail Banking Shakeup in Sri Lanka
A Bold Move in the Banking LandscapeHSBC, a major global banking institution, has announced the sale of its entire retail banking operations in Sri Lanka to Nations Trust Bank (NTB) for LKR 18 billion. The transaction includes approximately 200,000 retail accounts, encompassing savings and checking accounts, credit cards, and personal loans. While the retail segment […]