


| HSBC considers exit from US retail banking |
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Senior management aim to present the plan to the bank’s board in the coming weeks, the people said, as HSBC seeks to allocate resources away from the US in favour of more profitable businesses in Asia. Closure of the US retail network would mark the end of the lender’s 40-year long attempt to run a full-service, universal bank in the country.
Posted: 2020-11-28 12:08:00
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