Tuesday, June 24, 2014

HSBC to Sell Some Swiss Private Bank Assets to Liechtenstein Group by CHAD BRAY



By CHAD BRAY


The Swiss business has assets under management of about $12.5 billion at the end of 2013 and employs about 70 people. The sale is the latest move by HSBC to improve its profitability by focusing on higher-margin businesses.


Published: June 24, 2014 at 4:00AM


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