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In 2004, HSBC USA sold two upstate New York branches to Gloversville-based City National Bank & Trust Co. [6] HSBC did not have enough nearby branches to give it economies of scale. In July 2011, the company sold its branches in upstate New York to First Niagara Financial Group for $1 billion, effectively selling-off the core of the old Marine ...
HSBC will be the first of the city's three currency-issuing banks to update investors on its half-year performance on Monday, followed by Standard Chartered on Tuesday and Bank of China (Hong Kong ...
HSBC and Standard Chartered could restart their dividends as soon as early next year after their chief financial regulator in the United Kingdom said it felt comfortable with the country's biggest ...
In 1991, the present parent legal entity, HSBC Holdings plc, was established in London and the historic Hong Kong–based bank from whose initials the group took its name became that entity's fully-owned subsidiary. [9] [10] [11] The next year (1992), HSBC took over Midland Bank and thus became one of the largest domestic banks in the United ...
Pre-tax profit at the bank rose by $6.5bn to hit $10.8bn in the first six months of 2021.
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