News Formal

Citigroup is selling its Chinese retail business to HSBC

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The US bank expects the deal to be finalised in the first half of next year.

NEW YORK: US bank Citigroup is to sell its consumer banking business in China to Asia-focused banking giant HSBC, it announced today.

“This is an excellent outcome for our local consumer wealth colleagues and clients in China,” added Cole. It said it would exit consumer banking across 14 markets including in Asia, Europe and the Middle East.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker