Grupo Financiero Galicia SA Company News
* Mexico headline inflation speeds up slightly in March * El Salvador launches tender offer for external debt due 2025-2029 * Grupo Financiero Galicia to buy HSBC business for $550 mln * Latam stocks up 1.0%, FX adds 0.5%. Mexico's headline inflation reached 4.42% in March, a modest increase from the 4.40% seen in February, although below the 4.50% expected by economists polled by Reuters. Meanwhile, core inflation, that excludes some volatile food and energy prices, continued to moderate, standing at 4.55% in March, a decrease from the previous month's 4.64%.
HSBC stressed its commitment to the U.S., after striking the latest of several deals that will substantially reduce its presence in the Americas. Europe's largest bank by market value agreed to sell its business in Argentina for $550 million to Grupo Financiero Galicia, one of the Latin American country's biggest lenders. + HSBC expects to incur a roughly $1 billion hit to quarterly pretax profit.
HSBC Holdings is selling its Argentina business for over half a billion dollars, the bank’s latest exit from markets that are no longer core to its business strategy.
LONDON (Reuters) -HSBC is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire to focus on Asia. HSBC is selling the business, which covers banking, asset management and insurance, to Argentina's fifth largest bank Grupo Financiero Galicia for $550 million, the British bank said. HSBC CEO Noel Quinn has sought to simplify the sprawling lender to improve performance by exiting several markets in which it has under-performed, including France and Canada.
Here is how Grupo Financiero Galicia (GGAL) and First Internet Bancorp (INBK) have performed compared to their sector so far this year.
The far-right leader is on a mission to prevent “the worst crisis" in the country's history.
After initially surging last week on the news that libertarian candidate Javier Milei had on Nov. 19 been elected president of Argentina, shares of Argentine banks Grupo Financiero Galicia (NASDAQ: GGAL), Grupo Supervielle (NYSE: SUPV), and Banco Macro (NYSE: BMA) all gave back some ground before the Thanksgiving holiday in the U.S. Does the election of one politician really justify such massive run-ups?
Old Arcived News About Grupo Financiero Galicia SA
- 3 Reasons Why Grupo Financiero.
- Argentina's Galicia bank group ADR jumps 6.28 pct on opposition win. [Reuters] - The Frankfurt-listed American Depository Receipt of Argentina's Grupo Financiero Galicia jumped 6.28 percent on Monday after conservative opposition challenger Mauricio Macri won the presidential poll. ...
- Australia, Argentina Banks Score High In China Rebound.
- Deutsche Bank Streamlines Units; Announces Managerial Changes.
- GFG - Juan Miguel Cauttromo Resignation. [at noodls] - Grupo Financiero Galicia S.A. CUIT: 30-70496280-7 Autonomous City of Buenos Aires, September 8th, 2015 To the Comisión Nacional de Valores (National Securities Commission) Ref.:Material Event Dear Sirs, ...
- GFG - Relevant information. [at noodls] - Grupo Financiero Galicia S.A. ... This is an abstract of the original noodl. To continue reading this document, click here for the original version.
- GFG CALLS A SHAREHOLDERS´ MEETING. [at noodls] - Grupo Financiero Galicia S.A. ... This is an abstract of the original noodl. To continue reading this document, click here for the original version.
- GFG PROPOSAL SUMMARY OF THE SHAREHOLDERS' MEETING. [at noodls] - Grupo Financiero Galicia S.A. CUIT: 30-70496280-7 SHAREHOLDERS' MEETING TO BE HELD ON SEPTEMBER 8th, 2015 PROPOSALS OF THE BOARD OF DIRECTORS The Board of Directors of Grupo Financiero Galicia S.A will ...
- GFG RESULTS OF THE SHAREHOLDERS´ MEETING. [at noodls] - Grupo Financiero Galicia S.A. ... This is an abstract of the original noodl. To continue reading this document, click here for the original version.
- GFG´S THIRD QUARTER ENDED SEPTEMBER 30, 2015. [at noodls] - Press Release BGBA - English Version FOR IMMEDIATE RELEASE For more information contact: Pedro A. Richards Chief Executive Officer Telefax: (5411) 4343-7528 investors@gfgsa.com www.gfgsa.com GRUPO FINANCIERO ...
- Grupo Financiero Galicia SA Earnings Q2, 2015.
- Grupo Financiero Galicia SA Earnings Q3, 2015.
- GRUPO FINANCIERO GALICIA SA Financials.
- Is Grupo Financiero an Incredible Value Stock? 3 Reasons Why GGAL Will Be Tough to Beat.
- Moving Average Crossover Alert: Grupo Financiero Galicia.
- New Lifetime High Reached By Grupo Financiero Galicia (GGAL).
- RBS to Reconsider Ulster Bank Sale Post October Split-Off?.
- Stocks Lower; Smith & Wesson Gains Fade.
- Strong On High Relative Volume: Grupo Financiero Galicia (GGAL).
- Today Grupo Financiero Galicia (GGAL) Hits New Lifetime High.
Grupo Financiero Galicia SA Short Company Overview:
Grupo Financiero Galicia S.A. operates as a financial services holding company for Banco Galicia, a commercial bank in Argentina. The Bank attracts deposits and offers business and consumer loans, mortgages, investment banking, securities brokerage services, foreign exchange services, mutual funds, insurance, annuities, and credit cards.
