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HSBC Sells Panama Unit For $2.1B In Latin America Shakeup

By Karlee Weinmann (February 19, 2013, 1:42 PM EST) -- HSBC Holdings PLC will unload its Panamanian banking unit to major Colombian lender Bancolombia SA in a $2.1 billion deal, the pair said Tuesday, notching a major step in HSBC's ongoing push to narrow its focus in the sought-after Latin American marketplace....

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