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UBS agrees to scoop up some HSBC clients in Central America

Tuesday, September 5, 2017


HSBC has reached an agreement to refer some of its Latin American private banking clients, primarily in Central America and the Andean region, to Switzerland's UBS, according to an internal memo seen by Reuters.

The agreement completes HSBC's efforts to streamline its private banking business, a process which has resulted in a number of disposals in recent years.

Source: Reuters