05:46 AM EDT, 08/25/2025 (MT Newswires) -- HSBC Holdings' ( HSBC ) Swiss private bank is cutting ties with wealthy Middle Eastern clients as part of its efforts to reduce exposure to individuals considered high-risk, media outlets reported Saturday, quoting sources.

More than 1,000 clients from Saudi Arabia, Lebanon, Qatar and Egypt have been informed that they can no longer bank with HSBC's ( HSBC ) Swiss wealth management division, the reports said.

Some clients have already been notified and will receive closure letters over the coming months, suggesting that they consider transferring their accounts to other jurisdictions, according to the reports.

HSBC ( HSBC ) did not immediately respond to MT Newswires' request for comment.