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HSBC halting wealth management business in Jordan, Bahrain and Lebanon

HSBC halting wealth management business in Jordan, Bahrain and Lebanon

HSBC Holdings is halting its wealth management division in Bahrain, Jordan and Lebanon as it continues to exit small or insufficiently profitable global operations. This recent move follows a global initiative to increase profitability by scaling back on private banking and Islamic banking operations in the Middle East. “After a detailed review of our MENA […]