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HSBC HSBC Holdings PLC

44.295
0.645 (1.48%)
Last Updated: 17:29:52
Delayed by 15 minutes
Name Symbol Market Type
HSBC Holdings PLC NYSE:HSBC NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.645 1.48% 44.295 44.70 44.21 44.65 1,150,770 17:29:52

Citigroup to Sell China Consumer Wealth Portfolio to HSBC

09/10/2023 4:42am

Dow Jones News


HSBC (NYSE:HSBC)
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By Sherry Qin

 

Citigroup agreed to sell its onshore consumer wealth portfolio in China to HSBC Holdings, progressing the wind-down of the U.S. bank's consumer business in the country.

Citi will sell its China consumer wealth portfolio, including clients, assets under management and deposits, worth approximately US$3.6 billion, to HSBC Bank China, Citi said in a statement Monday.

 

Write to Sherry Qin at sherry.qin@wsj.com

 

(END) Dow Jones Newswires

October 08, 2023 23:27 ET (03:27 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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