HSBC issues remittances challenge to Citi

Following HSBC's March acquisition of US consumer finance group Household International and November's purchase of top-five Mexican bank Bital, the bank said it is now well placed to service Mexican workers in the US sending money home. If successful, the move could be a potential windfall for the FX department, as it would account for the forex component of these services, which are charged at retail rates.

HSBC chief executive Stephen Green said: "An overlooked new market opportunity will be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: