HSBC winding down Monaco private bank after deal with CFM Indosuez

HSBC winding down Monaco private bank after deal with CFM Indosuez
 

HSBC (HSBA.L) plans to wind down its Monaco private bank and has agreed to introduce clients in the principality to CFM Indosuez Wealth Management, it said on Wednesday, as it seeks to streamline its wealth management business.
"It draws to a close the restructuring of our European private banking operations, with the future focus being on growing our business with strategic clients of the group," HSBC Private Bank said in a statement.
(Reporting by Joshua Franklin; Editing by Michael Shields)
read more

 
19 October 2016 in Business, Views: 61
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31