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ReutersBNP, UBS said to show Interest in HSBC’s German Wealth Unit, Bloomberg News reports
Julius Baer is also among potential bidders for the wealth-management business which could be valued at 300 million euros to 600 million euros ($324.36 million to $648.72 million) in a deal, the report added. In a separate report by German newspaper Boersenzeitung, Dutch Bank ABN Amro was also said to be nearing a deal for HSBC's German wealth management unit, formerly known as Trinkaus & Burkhardt. The Bloomberg report also added that HSBC is working with Bank of America Corp. on the potential divestment of Inka, its German fund administration business.
The TelegraphBritain is teetering on the brink of bankruptcy. No one dares admit it
Rishi Sunak left the D-Day celebrations early, got caught in the rain and came under fire for some Treasury forecasts of tax rises. The Labour Party droned on about “change” while endlessly repeating some imaginary numbers about “investing” in the NHS and creating “green jobs”. Meanwhile, the Lib Dems sailed through the past six weeks with fun days out at CenterParcs.
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