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Since the HSBC acquisition the Canadian subsidiary works more closely with HSBC Bank Canada. The unit offers mortgages, personal loans and insurance through 75 branches in 10 provinces and via merchant relationship with stores such as The Brick, Henry's, and Arctic Cat. HSBC Finance Canada ceased operations on March 21, 2012. 75 branches were ...
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 ...
In April 2014, Walmart announced that they were ending their relationship with Discover and would begin converting all Discover-branded cards to Mastercard beginning in June 2014. [23] HSBC has issued Discover-branded credit cards processed through the Discover Network since its acquisition of card issuer Metris in late 2005. Metris had ...
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This came as a surprise after HSBC sold its branch network in Upstate New York in 2012 to First Niagara, KeyBank, Community Bank, N.A. and Five Star Bank. In January 2019, HSBC announced it would open two new branches in Western New York, as part of the bank’s initiative to open 50 branches in new and existing markets in the United States.