China ’s Millionaires Are Worried. That’s a Problem for Wall Street

A sharp slowdown in Hong Kong’s initial public offering market has hurt one way Wall Street banks help their rich clients. China’s economic slowdown has become a big problem for banks that serve the rich. For years, banks including Citigroup, JPMorgan and UBS competed hard to win business from…#hongkongs #citigroup #jpmorgan #ubs #hongkong
Source: Reuters: Health - Category: Consumer Health News Source Type: news