HSBC sheds U.S. branches in $1 billion First Niagara pact
Posted by Reuters: Business News on July 31, 2011
NEW YORK (Reuters) – HSBC Holdings Plc on Sunday said it plans to shed nearly half of its underperforming U.S. branch network, selling 195 branches to First Niagara Financial Group Inc for about $1 billion, and closing 13 others.
