Update 6/2/21: Citizens Financial Group will acquire 80 branches on the east coast (66 locations in the New York City Metro area, 9 locations in the Mid-Atlantic/Washington D.C. area, and 5 locations in Southeast Florida).
Update 5/27/21: HSBC has today announced that another 90 branches will be closed. Some branches (20-25) will be kept and will transition to international wealth centres.
Original post: HSBC has announced that it will be exiting the U.S. retail market as part of its pivot/move to Asia. HSBC closed 80 branches last year and is expected to close/sell the remaining 150 branches as well. This likely just means that HSBC will no longer be a ‘full service bank’, but it doesn’t appear this will affect HSBC’s online offerings or credit card business.
