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This came as a surprise after HSBC sold its branch network in Upstate New York in 2012 to First Niagara, KeyBank, Community Bank, N.A. and Five Star Bank. In January 2019, HSBC announced it would open two new branches in Western New York, as part of the bank’s initiative to open 50 branches in new and existing markets in the United States.
HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
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HSBC Bank may refer to any one of the following principal local banks or divisions of the HSBC Group: Asia-Pacific. HSBC (Hong Kong) PayMe, its local payment service;
HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is a wholly owned subsidiary of the global HSBC banking and financial group, which has been headquartered in London since 1993.
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The industry considered this move, giving HSBC a lead in the race to grab pieces of mainland China's banking market. A year earlier, HSBC had joined with Hong Kong's Shanghai Commercial Bank to purchase an 11% stake in Bank of Shanghai (HSBC paid US$62.6 million for an 8% stake) and US$733 million for a 10% stake in Ping An Insurance.
The Bank of Canada was established through the Bank of Canada Act of 1934 and the banks relinquished their right to issue their own currency. In 1956, Barclays Bank (Canada) was acquired by Imperial Bank of Canada, a predecessor of the Canadian Imperial Bank of Commerce, for 10% of the capital of Imperial.