HSBC Holdings agreed to sell its Panama unit to Bancolombia for $2.1 billion as chief executive officer Stuart Gulliver tries to revive profit by targeting fewer markets. HSBC Holdings Plc, Europe's ...

BOGOTA (Reuters) - Bancolombia SA , Colombia's largest lender by assets, agreed to purchase HSBC Bank SA Panama for $2.1 billion, the most ever paid by a local bank and the latest in an expansion wave ...

The sale of HSBC Bank Panama to Bancolombia was one of the largest M&A deals of the year and was transformative to the financial services industry in the fastest-growing economy in Latin America. The ...

BOGOTA (Reuters) - Bancolombia SA , Colombia's largest lender by assets, agreed to purchase HSBC Bank SA Panama for $2.1 billion (1.3 billion pounds), the company told local regulators on Tuesday, the ...