Citigroup Inc. is in talks to sell its China onshore retail wealth business to HSBC Holdings Plc, as the latter continues to build out its presence in the mainland, according to people familiar with the matter.
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Exclusive-HSBC to acquire Citigroup China consumer wealth business -sourcesHSBC is set to acquire Citigroup's China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of the matter said, in a major boost to the London-based bank's business in that country. The transaction, the financial details of which were not immediately known, will also see Asia-focussed HSBC taking over 'a few hundreds' of Citi's China-based staff, said one of the sources. Both Citi and HSBC declined to comment.
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Exclusive-HSBC to acquire Citigroup China consumer wealth business -sourcesHONG KONG (Reuters) - HSBC is set to acquire Citigroup's China consumer wealth management business, which manages more than $3 billion in assets, two ...
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China's Dalian Wanda in talks to avert $4 billion IPO repayment -Bloomberg News(Corrects typo in headline) (Reuters) -China's Dalian Wanda Group has started negotiations on a proposal that would allow the conglomerate to avoid ...
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China, Germany resume high-level financial talks after COVID-19BEIJING (Reuters) - China and Germany will co-host a third financial dialogue in Germany on Oct. 1, the Chinese foreign ministry said on Thursday, ...
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China, Germany resume high-level financial talks after COVID-19BEIJING (Reuters) - China and Germany will co-host a third financial dialogue in Germany on Oct. 1, the Chinese foreign ministry said on Thursday, ...
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Market remains resilient, not overly extended: CitigroupDespite the uncertainty of what lies ahead for the Federal Reserve after pausing interest rates, the market has not overreacted to the news. Yahoo Finance's Seana Smith and Brad Smith break down comments from Citigroup Strategist Chris Montagu about the extended selloff in markets this morning. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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