HSBC Said to Join Suitors for Dexia’s Denizbank in Turkey

HSBC Holdings Plc, Europe’s biggest bank, is interested in buying Turkey’s Denizbank from Dexia SA, the first lender to founder with the European debt crisis, two people with knowledge of the process said.

The global lender is vying with OAO Sberbank and Qatar National Bank SAQ, the Persian Gulf country’s biggest bank by assets, which said yesterday that it was negotiating to buy a controlling stake in Denizbank. QNB has retained Citigroup Inc. to advise on the purchase, two people familiar with the plan said, declining to be identified as the talks were private.