HSBC is set to acquire Citigroup’s China consumer wealth management business, which manages more than US$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.
HSBC is set to acquire Citigroup’s China consumer wealth management business, which manages more than US$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.