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HSBC to close its US business banking unit
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Global giant HSBC has taken an important step to increase its competitive power. The bank announced that it has decided to withdraw from its corporate banking unit in the US as a result of its strategic assessment. Here are the details...
HSBC to Exit US Business Banking
London-headquartered HSBC continues its global pivot with the latest exit from business banking in the US. HSBC will close its business banking unit in the US, according to a statement. «Following a strategic review of our business, we have decided to exit our Business Banking portfolio in the United States,» the bank said. «We are supporting impacted clients while they transition to a suitable alternative provider and will retain some clients i…
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