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Known bank may terminate banking activities in U.S.

30.11.2020,16:30


November 30, Fineko/abc.az. HSBC, one of the most influential banks in the world, plans to stop all its banking activities in the U.S.

ABC.AZ reports that in the coming weeks the Bank's management will present a new plan for discussing this issue.

The reason for the Bank's move is to focus mainly on international clients in Asia and the Middle East.

In addition, Bank's management will also offer to reduce investment banking activities.