The private banking arm of HSBC has said that it will retain its private banking operations in Monaco, after Asian Private Banker reported that the British bank was considering “possible disposal of the business” in May. After a strategic review of its private banking operations in Monaco following receipt of unsolicited acquisition expressions, HSBC has decided that it is, in fact,…
HSBC Private Bank U-turn on sale of Monaco business
12 July 2013
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