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Home | HSBC sells US branches

HSBC sells US branches

  • August 01, 2011
  • HSBC has agreed to sell 195 retail branches, primarily in Upstate New York, to First Niagara Bank, for around $1 billion. The consideration is equal to a premium of 6.67% of the deposits to be transferred. Branches involved in the transaction will remain open for business throughout and will continue to offer all products and [...]

  • Read more at:http://www.bankingtimes.co.uk/2011/08/01/hsbc-sells-us-branches/
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