Reuters
Two of the people said the Hong Kong operation would close by the end of December. The closure is indicative of the broad cost pressures the private banking industry in Asia is facing and part of a wave of operational rationalization sweeping the sector.

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From:: Hong Kong News By Google News

By Zennie Abraham

Zennie Abraham | Zennie Abraham or "Zennie62" is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.