Shares of banks and other financial institutions rallied after strong earnings from one Asia-focused London lender. Global banking giant HSBC's profit rose.
U.K. stocks finished down Friday, with the FTSE 100 Index decreasing 1.30% at 7,402.14. Among FTSE 100 constituents, hotels company InterContinental Hotels.
By Sherry Qin Citigroup will sell its onshore consumer wealth portfolio in China to HSBC Holdings as the U.S. bank continues to leave consumer banking across.
By Sherry Qin Citigroup agreed to sell its onshore consumer wealth portfolio in China to HSBC Holdings, progressing the wind-down of the U.S. bank's consumer.
By Elaine Yu and Matthew Thomas Citigroup is in talks to sell its retail-wealth business in China to British rival HSBC, according to a person familiar with.