CLIENT CULL
HSBC Swiss private bank drops 1,000 clients from Middle East
HSBC said its Swiss private bank is still committed to the region while shifting strategic focus as part of a wider group reshaping started last year
FABRICE COFFRINI/AFP via Getty Images
The HSBC Private Bank in Geneva
Add The Circuit on GoogleHSBC’s Swiss private bank is cutting ties with more than 1,000 wealthy Middle Eastern clients, including individuals from Saudi Arabia, Qatar, Lebanon and Egypt, some with assets exceeding $100 million.
The move follows scrutiny from Swiss regulators,...