Lorre White reports, ‘Safra Group to buy the Monaco private bank’

HSBC Said to Get Offer for Monaco Unit from Safra HSBC Holdings Plc (HSBA) (HSBA) received an approach from a unit of Safra Group to buy the Monaco private bank the Safra family once owned, and is also considering selling parts of its Swiss private bank, three people with knowledge of the situation said.Photographer: Dominique Faget/AFP via Getty Images The Monaco unit may be valued at $600 million to $700 million, one of the people said, asking not to be identified as the details are … [Read more...]

Copyright 2014 @ A Celebration of Women™ The World Hub for Women Leaders That Care