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British bank HSBC Holdings PLC announced Wednesday that it will sell most of its retail locations across the U.S., reducing 148 branches down to 58 and winding down an additional 35 to 40 branches....
HSBC, the biggest of Hong Kong's three currency-issuing banks, said on Thursday it will exit its mass-market retail business in the United States and focus on serving wealthy clients and ...
HSBC has said that around 100 staff could leave the bank as a result of plans to axe 114 UK branches from April next year. HSBC has said that around 100 staff could leave the bank as a result of ...
In June 2009, HSBC announced that 100 branches would be closed, including all six in Scotland, with all branches closing the following month. [20] The remaining branches would be closed to new business, and eventually close altogether. [21] The company website is now offline, it previously stated; our branches have been closed since July 2009. [22]
The bank said it hopes to redeploy the roughly 400 staff working at the branches. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
In January 2021, HSBC announced that it would be closing 82 branches in Britain. [101] In May 2021, HSBC announced the exit of US retail banking business by selling 10 California branches to Cathay Bank and 80 branches to Citizens Financial Group and closing the remaining branches. [102]
HSBC has been under pressure to cut costs and divest non-Asian businesses. [9] The acquisition was completed on March 28, 2024. All HSBC Canada branches closed at midday on March 28. Twenty-five of these branches, most in close proximity to existing RBC branches, closed permanently with the sale; the others reopened as RBC branches on April 1 ...
HSBC planning divestiture of 90 branches in order to exit the U.S. retail banking business.