IN FOCUSPublished: 21 Dec 11
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HSBC to sell its Japanese private banking businessBut to which company will HSBC be selling it to? According to a Bloomberg report, HSBC Holdings agreed to sell its Japanese private banking business to Credit Suisse Group AG. Bloomberg noted that sale of the unit, which had assets valued at $2.7 billion as of Oct. 31, is expected to be completed in the second quarter of next year. View the full report here. Do you know more about this story? Contact us anonymously through this link. Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us. Tags: HSBC private banking business, Credit Suisse |