Monday 1 August 2011

HSBC to sell 195 NY bank branches for $1 billion

(AP) HSBC said Sunday it will sell 195 retail bank branches, most located in upstate New York, to First Niagara Bank in a deal worth about $1 billion. The banks represent about $15 billion in deposits. The sale is part of HSBC Holdings PLC's strategy, presented to investors in May, to shift its ...


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