Statement: US card and retail services business

RNS Number : 9997L

HSBC Holdings PLC

09 August 2011

 



POSSIBLE SALE OF US CARD AND RETAIL SERVICES BUSINESS

The Directors of HSBC Holdings plc ("HSBC") note the recent press speculation concerning a possible sale of HSBC's card and retail services business in the United States (the "Business").

HSBC confirms that it is in discussions regarding a possible sale of the Business. These discussions are ongoing and no decision has yet been made to proceed with any transaction. 

HSBC will make a further statement if or when appropriate.

 

END

 

 

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