On March 11th, a spokesperson for HSBC Holdings confirmed that a third party is interested in acquiring the bank's Argentine business, but no agreement has been reached yet.
Previously, there were media reports that Bank Galicia of Argentina is holding preliminary negotiations to take over HSBC's business in Argentina. A spokesperson for Bank of Galicia stated that the bank has been seeking opportunities to expand in the Argentine market through acquisitions and other means, but has not yet reached any agreement on HSBC's business.