BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name the bank that purchased the HSBC bank’s Swiss private banking assets?
A
Six SIS AG
B
Zurich Cantonal Bank
C
LGT Bank
D
WIR Bank
Explanation: 

Detailed explanation-1: -LGT is the largest Private Banking and Asset Management group in the world that is wholly owned by an entrepreneurial family. LGT has been managed by the Princely Family of Liechtenstein for over 90 years and has a great deal of experience in managing family assets.

Detailed explanation-2: -LGT Bank Switzerland is a Swiss private bank and part of LGT Group. As a client you benefit from all the Private Banking and Asset Management services offered by the group.

Detailed explanation-3: -HSBC Private Bank (Suisse) had its headquarters in Geneva, Switzerland. HSBC Private Bank (Suisse) operates as a subsidiary of HSBC Private Banking Holdings (Suisse) SA.

Detailed explanation-4: -HSBC exited the Indian private banking business in 2015 as part of a group strategy. The lucrative but very competitive Indian market has few foreign players in a segment catering to high-net-worth individuals.

There is 1 question to complete.