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French bank mulling sale of Asia private banking business

French lender, Crédit Industriel et Commercial (CIC), is exploring a potential sale of its Asia private banking business, according to sources close to the matter. When contacted by Asian Private Banker, a Hong Kong-based spokesperson for CIC declined to comment on any sale plans. Part of the Crédit Mutuel group, CIC has maintained a private banking presence in Asia since 2003,…

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