Citi said the deal will pass its China consumer wealth portfolio, including clients, assets under management and deposits to HSBC Bank China. Citi said the portfolio is worth approximately $3.6 ...
Citigroup confirms sale of China-wealth unit to HSBC
Citigroup Inc. on Monday confirmed reports of the sale of its consumer-wealth portfolio in China to HSBC Plc after it announced plans ... China through its regional wealth hubs in Hong Kong and ...
HSBC/Citi: taking over China wealth unit is easy win
HSBC needs to fend off Asia-focused rival Standard Chartered. StanChart is gaining traction in China after receiving approval from local regulators this year to set up a securities unit in the ...
Citigroup agrees to sell China consumer wealth unit to HSBC
Citigroup (NYSE:C) has agreed to sell its retail wealth management portfolio in mainland China to HSBC (LON:HSBA), the lender said in a statement on Monday.The transaction, which will cover total ...
Citigroup’s Big Business Revamp Continues: Sells China Onshore Consumer Wealth Portfolio To HSBC
Citigroup Inc C disclosed its plan to sell its onshore consumer wealth portfolio in China to HSBC Holdings Plc 's HSBC China division. The deal covers Citi's client base along with assets under ...
Three-quarters of CEOs expect ESG investments to pay off after 3 to 7 years
About 72% of CEOs said it will benefit M&A (24%) and talent attraction (24%). Singapore’s top bosses are continuing their investment in ESG, with over a third of CEOs (36%) changing the language they ...
Redefining Investments: KB53 Token’s Journey in Asia Begins
David Wegner said KB53 Token's strategic expansion into Asia marks a significant milestone in the world of real-world asset investment ...
Singapore banks sharpen scrutiny after $2 bln money laundering scandal -sources
Banks in Singapore are taking longer than usual to perform due diligence on clients and closing accounts in some cases, sources said, as procedures tighten after the financial hub's biggest money ...
Citigroup to sell China consumer wealth business to HSBC
The deal with HSBC does not include Citi's institutional businesses, the bank said, adding it would continue to serve the needs of affluent to ultra-high net worth Chinese clients via its regional ...
‘It’s my money, why can’t I make the transfer?’ DBS staff stop elderly man from losing $3,000 to love scam
An elderly man narrowly avoided becoming a victim of a love scam, all thanks to some vigilant bank staff. In a Facebook post on Sunday (Oct 8), two staff members from DBS Bank's Compass One branch ...
Singapore urges citizens to avoid Gaza Strip and West Bank travel amid attacks
Singapore's foreign affairs ministry has urged Singaporeans against traveling to certain areas in the Middle East due to the escalating conflict.
DBS, OCBC and UOB to roll out ‘money lock’ feature that lets customers block savings from digital transactions
A new security feature that allows bank customers to block their savings from digital transactions will be rolled out by major banks DBS, OCBC and UOB by the end of November. Once locked in, the money ...
Singaporeans should avoid travelling to Gaza Strip, West Bank and Israel amid conflict: MFA
Singaporeans should avoid all travel to the Gaza Strip, the West Bank and Israel’s borders with the Gaza Strip, Lebanon and Syria, the Ministry of Foreign Affairs (MFA) said on Sunday (Oct 8).
Wall Street is worried that the bear market has ‘unfinished business’
Take Bank of America Corp strategist Michael Hartnett, who’s advising clients to pull back from US stocks because he’s “convinced the bear market has unfinished business.” ...
Shutdown fears are back and nascent US IPO rebound could get hit
Those hoping to go public this year have to choose between completing their deals in the next month and a half or much later ...
Elderly man makes scene when POSB staff hesitate to process S$3,000 transfer, turns out to be love scam target
An elderly man lashed out at a POSB employee when she refused to help him transfer S$3,000 from his bank account. It turned out that the staff member had rightfully suspected him to be the victim of a ...