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HSBC sells 195 US branches for $1 bn

Aug 01, 2011, 11:00 AM (GMT+7)
British-based banking giant HSBC has announced it will sell 195 retail branches, primarily in upstate New York, to First Niagara Bank for an estimated $1 billion. “As part of its ongoing US strategic focus on commercial and corporate banking, HSBC Bank USA remains committed to serving and further developing corporate banking relationships in Upstate New York,” the company said in a statement. “HSBC... 
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