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HSBC HOLDINGS, UBS Reportedly Expanding Wealth Wgmt Biz in India
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HSBC HOLDINGS (00005.HK) and UBS are expanding their wealth management operations in India, driven by an IPO boom that has created a new group of millionaires in the country, the Financial Times reported. UBS is reportedly exploring the acquisition of Indian wealth management firm 360 ONE, while HSBC had announced in January its intention to double the number of its branches in India. AAStocks Financial News |
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