NEW YORK -- HSBC (HBC) said Sunday it will sell 195 retail bank branches, most located in upstate New York, to First Niagara Bank in a deal worth about $1 billion.The sale is part of HSBC's strategy, presented to investors in May, to shift focus away from retail banking to commercial and corporate banking, and to target investment in high-growth economies.
HSBC Sells Branches to First Niagara
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