Wealth and Asset Management
HSBC unit to halt services to ‘high risk’ Middle East wealthy clients
HSBC Holdings’ Swiss private bank reportedly plans to stop offering services to some wealthy Middle Eastern clients, citing “high risk”. More than 1,000 clients from Saudi Arabia, Lebanon, Qatar and Egypt, including many with assets surpassing $100 million, are being notified that they can no longer bank with HSBC’s Swiss…
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