Fitch: HSBC Brazil Sub to Draw Larger, Locally Operating Suitor

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CHICAGO--(BUSINESS WIRE)--HSBC Holdings plc's (HSBC or HSBC Group) plan to sell its Brazilian banking operations (HSBC Brazil) is likely to attract a large private bank buyer already operating in the country, says Fitch Ratings. But we do not expect the sale to meaningfully affect the competitive landscape of the financial sector in Brazil because of HSBC Brazil's modest market share. Fitch believes Brazil's top three private banks -- Bradesco, Santander Brasil or Itau -- are among the most lik

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