HSBC - ABN Amro Nears HSBC's German Wealth Management Unit Buyout: Report | Benzinga
ABN Amro BK N V (OTC:AAVMY) is reportedly nearing a deal to buy HSBC Holdings plc‘s (NYSE:HSBC) wealth management unit in Germany.
The transaction would extend ABN Amro’s expansion into Germany, Europe’s largest wealth management market, following last month’s EUR672 million euro ($730 million) purchase of Fosun’s private bank Hauck Aufhaeuser Lampe, reported Reuters citing the newspaper Boersenzeitung.
As per the ...