Wealth and Asset Management
Citigroup to sell China consumer wealth business to HSBC
Citigroup Inc said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of…
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Click here to read the full story: Reuters