HSBC buys assets from Citi in China.
Global Banking News-October 9, 2023--HSBC buys assets from Citi in China
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Global Banking News - 09 October 2023
UK-based banking firm HSBC Holdings (LSE: HSBA) has purchased assets from Citigroup, Inc (NYSE: C) in China.
The bank has announced plans to take over Citigroup, Inc's retail wealth management portfolio in mainland China. The portfolio consists of USD3.6bn in assets and deposits from wealth customers across 11 major cities.
The...
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