Keyword Analysis & Research: hsbc bank usa

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Why is HSBC closing branches?

NEW YORK -- British banking giant HSBC says it is closing its U.S. retail banking business in order to refocus its efforts on wealth management. The bank will sell 80 East Coast branches to Citizens Bank and another 10 on the West Coast to Cathay Bank. All deposits and bank accounts will be transferred to those two banks, HSBC said.

Which bank is HSBC affiliated with?

HSBC Bank USA, National Association, an American subsidiary of UK-based HSBC, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia (as designated on its charter).

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