Citigroup could sell $4B China wealth unit to HSBC
The firms are reportedly in talks as HSBC aims for domination in the region.
Citigroup Inc. is in talks to sell its China onshore retail wealth business to HSBC Holdings Plc, as the latter continues to build out its presence in the mainland, according to people familiar with the matter.
Citi’s China retail wealth business has about $4 billion of assets and deposits and
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