Wealth and Asset Management
HSBC Raised to Buy by Citi on Asia Wealth Potential
HSBC Holdings Plc was raised to buy by Citigroup Inc. because of the European bank’s “under appreciated” wealth business in Asia, a region that leads the world in minting billionaires. The U.S. bank estimates that HSBC’s Asia wealth business alone could be valued at $72 billion to $96 billion, or…
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Click here to read the full story: Bloomberg