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private bank

HSBC targets lending against fast-growing private assets after adding SVB’s UK unit to its portfolio

by Anas Siddiqui
HSBC targets lending against fast-growing private assets after adding SVB’s UK unit to its portfolio

HSBC sees opportunities to lend against wealthy clients’ private assets, following its acquisition of the UK unit of Silicon Valley Bank (SVB), in a move that leverages its balance sheet …

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Chinese conglomerate Fosun International sells German private bank HAL to ABN Amro for US$731 million to boost liquidity

by Anas Siddiqui
Chinese conglomerate Fosun International sells German private bank HAL to ABN Amro for US1 million to boost liquidity

Fosun International, one of China’s largest private-sector conglomerates, has accelerated its pace of asset disposal after agreeing to sell German lender Hauck & Aufhauser Lampe (HAL) to Dutcj bank ABN …

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Exclusive | ‘The worst seems over’ for ‘cheap’ and ‘reasonably attractive’ Chinese stocks: EFG Asset Management

by Anas Siddiqui
Exclusive | ‘The worst seems over’ for ‘cheap’ and ‘reasonably attractive’ Chinese stocks: EFG Asset Management

Opportunities abound in China’s stock markets, the world’s second biggest, where valuations are attractive after a long period of underperformance, a senior official at Zurich-based EFG Asset Management said after …

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HSBC woos Asia’s ultra-rich to set up family offices in Hong Kong with suite of digital and wealth planning services

by Anas Siddiqui
HSBC woos Asia’s ultra-rich to set up family offices in Hong Kong with suite of digital and wealth planning services

HSBC, Hong Kong’s biggest lender, plans to increase the visibility of its family office and digital banking services to attract ultra-high-net-worth clients to its private banking unit, according to a …

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Exclusive | Citigroup to leverage Hong Kong’s finance hub status to grow wealth business in Asia, Greater Bay Area

by Anas Siddiqui
Exclusive | Citigroup to leverage Hong Kong’s finance hub status to grow wealth business in Asia, Greater Bay Area

Citigroup will expand its wealth management business in the Greater Bay Area and rest of Asia from its base in Hong Kong, according to its global wealth head. The US …

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