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RETAIL BANKING | Staff Reporter, Japan
Published: 21 Dec 11
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HSBC to sell its Japanese private banking business
Photo credit: Cuadernos MUCHO!

HSBC to sell its Japanese private banking business

But 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

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Tags: HSBC private banking business, Credit Suisse

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