Citigroup Inc. (C) has successfully completed the sale and migration of its onshore China-based consumer wealth portfolio to HSBC Holdings plc (HSBC) China. More than 300 employees of Citigroup were transferred to HSBC as part of the deal. This deal was first announced in October 2023. Going by October 2023 news, the transaction involved the transfer of total deposits and investment assets under management of around $3.6 billion. Per the previously signed agreement, Citigroup will transfer its remaining cre ...