HSBC May Sell French Units - Feb 28

Credit Mutuel has emerged as the front runner to buy more than half of the HSBC operations in France. Also, the International Finance Corporation reportedly signed a $50 million housing finance deal with the Saigon Thuong Tin Commercial Joint Stock Bank. Meanwhile, Citigroup's wealth management intends to purchase the overlay and implementation technology of Legg Mason's private portfolio group. Finally, The German banks IKB and Sachsen LB are under investigation by the European Commission for aid they may have received from the state.