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Citi’s private bank business, which serves high-net-worth Chinese clients from locations outside of China, remains intact however

Online News Editor

Citigroup is in negotiations to sell its China-based retail wealth business to HSBC.

The move, part of Citi’s wider plans to divest its consumer banking interests beyond its home territory, is likely to be announced next month.

Citi in talks to sell China-based wealth arm to HSBC

Penny Sukhraj

HSBC

Citi

Banking

Business

China

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Find out who is on the move in the City and beyond this week

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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