- In February 2020, we set out a plan to shift our business strategy in the United States to maximize the connection between our clients and our world-class international network.
- Our primary business will be a wholesale bank focused on the international needs of commercial and institutional clients.
- We are repositioning our US retail business by renewing our emphasis on the international wealth management needs of globally mobile and affluent individuals in the United States. HSBC is uniquely positioned to capture more of this US$5 trillion market.
- As a result of this new focus for HSBC in the U.S., we are streamlining parts of our retail bank and credit card operations.