HSBC is exiting its US domestic retail banking business to focus on international banking and wealth management.
The bank will close and/or sell 90 branches out of a current network of 148.
HSBC Bank USA (HBUS) will retain a small network of physical locations in existing markets. These will be repurposed into 20-25 "international wealth centres".
These centres will serve the bank’s international customer base of around 300,000 affluent and high net...
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