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Citigroup to sell China onshore consumer wealth unit to HSBC

Photo of Global NewsX Global NewsXOctober 9, 2023Last Updated: October 9, 2023
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Citigroup to sell China onshore consumer wealth unit to HSBC

Citigroup Inc said on Monday it has agreed to sell its onshore consumer wealth portfolio in China, including clients, assets under management (AUM) and deposits to HSBC Bank China.

The deal covers total deposits and investment AUMs of about $3.6 billion.

Source: CNA

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Photo of Global NewsX Global NewsXOctober 9, 2023Last Updated: October 9, 2023
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