HSBC to acquire Citigroup China consumer wealth business -sources

HSBC to buy Citigroup China consumer wealth business

HSBC is set to acquire Citigroup's China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of the matter said.

HSBC to acquire Citigroup China consumer wealth business: Sources

The transaction, the financial details of which were not immediately known, will also see Asia-focussed HSBC taking over "a few hundreds" of Citi's China-based staff.

Citi Planning to Sell China Retail-Wealth Unit to HSBC, Source Says

The deal is part of Citi’s broader exit from consumer banking outside of its home market

Citi Planning to Sell China Retail-Wealth Unit to HSBC, Source Says

By Elaine Yu and Matthew Thomas Citigroup is in talks to sell its retail-wealth business in China to British rival HSBC, according to a person familiar with...

HSBC to acquire Citigroup China consumer wealth business -sources

The transaction, the financial details of which were not immediately known, will also see Asia-focussed HSBC taking over "a few hundreds" of Citi's China-based staff, said one of the sources.

HSBC to acquire Citigroup China consumer wealth business -sources

HSBC is set to acquire Citigroup's China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of the matter said, in a major boost to the London-based bank's business in that country.