HSBC’s West Coast retail bank operations, which include 10 branches and about 50,000 customer accounts, would be sold to Cathay Bank. The deals, which are subject to regulatory approval, are ...

M&A If HSBC’s selling its branches, who’s buying? By Allissa Kline December 03, 2020, 9:36 a.m. EST 4 Min Read ...

HSBC also agreed to sell 10 West Coast branches and about 50,000 customer accounts with $1 billion in deposits and $800 million in loans to Cathay Bank, a unit of Cathay General Bancorp.

In addition to the Citizens deal, HSBC said it has agreed to sell 10 West Coast branches to Los Angeles-based Cathay Bank. That means it will be dispensing with 90 of its 148 U.S. retail branches.

HSBC said the use of the bank’s branch network has declined by 65% over the past five years, with some serving fewer than 250 customers a week. Footfall has fallen by 50% in 74% of the closing ...

HSBC (NYSE: HSBC) recently confirmed the closure of 69 physical branch locations across its wider bank network in the United Kingdom, in a move that could impact 400 jobs.

LONDON, Nov 30 (Reuters) - HSBC (HSBA.L) announced on Wednesday a possible sale of its New Zealand business and plans to close 114 branches in Britain, in the latest retrenchment by the bank as it ...

HSBC said Sunday, July 31, 2011, that it is selling off 195 bank branches, most in upstate New York, as part of its switch from retail to commercial and corporate banking. Credit: Getty Images ...