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Tag: US division

Activity, News, Retail Banking

HSBC bids goodbye to loss-making US division as profits move to Asia

May 28, 2021

Via: FinTech Futures

HSBC has announced a “strategic withdrawal” from its US retail banking operations, selling chunks of its business as it continues to focus on Asia. In February, the first notes of a withdrawal sounded as HSBC said it planned “organic and […]