HSBC LIKELY TO EXIT FROM U.S. RETAIL BANKING

Highlights

• According to the sources, HSBC Holdings Plc is considering a complete exit from retail banking in the United States

• Sources claim that the senior management at HSBC is planning to present the plan in front of the board in upcoming weeks

• Talking about its long struggle when it comes to compete with the leading banks, HSBC said it would also speed up the transformation of its US busin....