HSBC Continental Europe, the indirect subsidiary of HSBC Holdings (HSBC) , has signed a Memorandum of Understanding (MOU) for the potential sale of its French life insurance arm, HSBC Assurances Vie (France), to Matmut Société d’Assurance Mutuelle.HSBC Assurances Vie (France) manages more than €20 billion in assets, recorded a net income of €77 million in 2023, and boasts a robust Solvency II ratio of 287%. The deal, valued at €925 million, would represent a strategic move in HSBC’s plan to simplify its ope ...