HSBC considers exit from U.S. retail banking - FT

FILE PHOTO: An HSBC bank is pictured during the coronavirus disease pandemic in the Manhattan borough of New York City, New York, U.S., October 19, 2020. REUTERS/Carlo Allegri

- HSBC Holdings Plc is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday, citing people familiar with the situation.

Good , exit from India , u are helping Terrorist funding and refusing to give details of transactions

Guess it got to hard for them to launder money

With legislation coming that will require owner information for shell corporations, will HSBC be the only one?

hhhhhhh,sb

Interesting timing

Exit or being sanctioned? No places for pro-CCP banks in the USA though.

Meanwhile, GM considers entering banking...

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So China does know how to pull out. It’s a shame what Hong Kong has become. With that said, it was only a matter of time and no one should have been surprised with this outcome.

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Great! If you don’t like this country - LEAVE!

Criminal enterprise

Good. Corrupt ass banking institution.

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