Must be quite a mess over in France if they are willing to walk away from their French unit in these terms..
https://www.reuters.com/article/us-h...-idUSKBN26J1YQ
Cerberus and a rival investment firm have told HSBC HSBA.L they would buy its French retail arm for a symbolic one euro provided the British bank ploughs more than 500 million euros ($582.70 million) into the business, sources told Reuters.