Wealth and Asset Management
HSBC sells $12 billion of Swiss private bank assets to Liechtenstein's biggest bank
HSBC is halving the number of countries its private bank serves after selling a portfolio of Swiss banking assets, the latest bank to narrow its wealth management focus in a bid to improve profitability and cut compliance risk. HSBC, Europe's biggest bank by market value, said its private bank served…
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Click here to read the full story: Reuters