HSBC to sell its Japan banking division

Note: This section contains information in English only.
Source: Bloomberg
HSBC Holdings Plc has announced it will sell its private banking division in Japan to Credit Suisse Group AG. HSBC, the leading European financial by market value reduces assets to cut expenses and meet international capital requirements. The deal is likely to be accomplished in the 2nd quarter next year, said HSBC today without revealing the price.

 

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