Friday, November 11, 2011

HSBC Holdings plc (LON:HSBA) To Sell Branches

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tdp2664 E money daily HSBC Holdings plc (LON:HSBA) has agreed to sell 26 branches in the US to ease antitrust concerns. Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View the full HSBA chart at Wikinvest HSBC Holdings plc (LON:HSBA) To Sell Branches The UK bank HSBC Holdings plc (LON:HSBA) has agreed to sell its 26 branches in Erie, Niagara and Orleans as part of its proposed sale of another 195 branches in the US to First Niagara to satisfy the government's antitrust concerns. The sale will help to maintain competition in the market. The bank has decided to sell its branches in US as part of its global restructuring plan. HSBC Holdings plc (LON:HSBA) spokesman Neal McGarity said, "In the meantime, business will continue as usual at the affected branches". HSBC Holdings plc (LON:HSBA) stocks stood at 495 at the end of the last trading session. Price History Last Price: 495 52 Week Range: 466.45- 739.63 Last Vol: 6101750 3 Month Vol: 26964400



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