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Updated · Bloomberg · Jun 30Emirates NBD Eyes HSBC Turkey Unit in Early-Stage Talks
1 articles · Updated · Bloomberg · Jun 30Summary
- Emirates NBD is in talks to acquire HSBC Holdings’ Turkey operations, according to people familiar with the matter.
- Early-stage discussions are still private and may not lead to a transaction, the people said.
- A deal would expand the Dubai lender’s footprint in Turkey while advancing HSBC’s efforts to reshape parts of its international business.
Insights
What does HSBC's Turkey exit reveal about the future of global banking strategy? Can a Dubai bank succeed where a global banking giant is pulling back?