PARIS, Sept 17 (Reuters) - HSBC has initiated a
strategic review of its French retail operation, French unions
said on Tuesday.
The bank is contemplating the possibility of selling its
French unit or a chunk of the business, six HSBC unions added in
a joint statement after a meeting with HSBC France's chief
executive Jean Beunardeau.
No final decision has been taken yet, however, the unions
added. HSBC could not immediately be reached for comment. It had
declined to comment on previous reports of a potential sale of
its French operations.
(Reporting by Maya Nikolaeva ; Writing by Matthias Blamont:
Editing by Sarah White)