retail-banking

*** Banks HSBC is closing its Russian retail-banking operations, retaining only an office for corporate lending, as international lenders face growing challenges in a market dominated by state-controlled giants.

Business Watch 2011

HSBC is closing its Russian retail-banking operations, the second international bank in two months, after Barclays, to pull out of the market.

What's News— 2011

In corporate news, PNC Financial Services said it was buying Royal Bank of Canada's U.S. retail-banking operations for $3.45 billion.

U.S. Stocks End Higher Brendan Conway 2011

The move by HSBC, which says it will keep a Russia office for corporate clients, follows Barclays PLC's announcement in February that it would sell its retail-banking operations in Russiaafter taking a write-down of £243 million $401.3 million on an acquisition.

HSBC Leaves Russia Retail Banking William Mauldin 2011

Lloyds, which merged with HBOS PLC in the financial crisis, creating a retail-banking behemoth, is already in the process of selling 632 branches as a condition of state bailouts in 2008 and 2009.

Lloyds Shares Slide Margot Patrick 2011

"What we are doing is we are pushing for financial inclusion in order to formalize the informal" financial sector, said Budi Sadikin , managing director of the bank's micro- and retail-banking businesses.

Indonesia's Bank Mandiri Sees Growth in Small Loans Eric Bellman 2011

BBVA reported a 17% drop in third-quarter net profit to € 1.14 billion ($1.58 billion) as costs rose and lending margins were squeezed at its Spanish retail-banking operations.

Business Watch 2010

The head of Citi's U.S. retail-banking business recently vowed to increase the number of U.S. branches by 200 by the end of 2013 from about 1,000.

Citi Again Drains UBS Talent Pool Anupreeta Das 2011

The head of Citi's U.S. retail-banking business recently vowed to increase the number of U.S. branches by 200 by the end of 2013 from about 1,000.

Citi Again Drains UBS Talent Pool Anupreeta Das 2011

MOSCOW— HSBC Holdings PLC is closing its Russian retail-banking operations, becoming the latest international company to redeploy resources elsewhere despite the Kremlin's attempts to woo foreign capital.

HSBC Leaves Russia Retail Banking William Mauldin 2011