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HSBC Holdings PLC (LON:HSBA) has said it will exit the US retail banking market as part of a strategy pivot towards international banking and wealth management. In a press release late on Wednesday, the FTSE 100 banking giant said it will exit 90 of its 148 current US bank branches, with 35 to 40 of the remaining branches to be wound down while the other 20 to 25 will be repurposed into international wealth centres.
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