Wealth and Asset Management
HSBC to Sell French Life Insurance Arm, Focus on Profitable Operations
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…
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Click here to read the full story: Yahoo Finance