HSBC Mexico, S.A., through its subsidiaries, provides various banking products and services in Mexico. It operates through Retail Banking and Wealth Management, Commercial Banking, and Global Banking and Markets segments. The company offers credit cards, consumer loans, auto loans, mortgage loans, checking and savings account, and insurance products, as well as fixed-term deposits. It also provides credit services, treasury services, lines of credit, trust services, and special products, such as factoring, letters of credit, and investments in cash and equity instruments. The company offers its products and services to individuals, small and medium-sized business entities, and corporate clie...
Avenida Paseo de la Reforma 347
Mexico City, DF 06500
Founded in 1941
Nova Scotia Bank And Grupo Financiero Reportedly In Talks To Buy HSBC's Latin America Assets
Apr 9 15
The Bank of Nova Scotia (TSX:BNS) (Scotiabank) and Grupo Financiero Ve Por Más, S.A. De C.V (Ve por Más) are in talks to buy HSBC Holdings plc's (LSE:HSBA) Latin American assets, including banks in Mexico and Brazil, El Financiero reported April 7, 2015, citing sources close to the negotiations. Ve por Más is reportedly interested in HSBC México SA Institución de Banca Múltiple Grupo Financiero HSBC (HSBC Mexico, S.A.), which has a strong financial position despite the accusations that it has facilitated money laundering and tax evasion. For its part, Scotiabank could be after HSBC Mexico and/or HSBC Bank Brasil S.A. - Banco Múltiplo, although the high price tag for the latter has reportedly postponed a possible deal, the report said. HSBC Group Chief Executive Officer Stuart Gulliver is reportedly under pressure to sell some of the bank's assets to meet the group's growing demand for capital at home. Although a Scotiabank representative contacted by SNL said the bank does not comment on speculation regarding acquisitions, he said that Mexico is one of the bank's "priority markets".