What are Citizens Bank and Cathay Bank, the buyers of more than 90 of HSBC’s US branches?

//What are Citizens Bank and Cathay Bank, the buyers of more than 90 of HSBC’s US branches?

What are Citizens Bank and Cathay Bank, the buyers of more than 90 of HSBC’s US branches?

After four decades of operating in the United States, HSBC is preparing to exit its American retail banking business for mass-market customers and small businesses to focus primarily on wealthy clients and big, international corporations.As a stand-alone retail bank, HSBC said its scale could not compete effectively with the biggest US banks, JPMorgan Chase, Bank of America, Citibank and Wells Fargo.HSBC, the biggest of Hong Kong’s three currency-issuing banks, is putting more resources to work…

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By | 2021-05-28T03:20:09+00:00 May 28th, 2021|World|Comments Off on What are Citizens Bank and Cathay Bank, the buyers of more than 90 of HSBC’s US branches?