HSBC (HSBC), Barclays (BCS), and Standard Chartered (SCBFF) are looking to tap into a boom in U.S. commercial banking as corporate America seeks expertise for international expansion plans, Lawrence White and Sinead Cruise of Reuters reports. This push to expand in the U.S. comes after British banks began scaling back in Europe in recent years, amid struggles to convince domestic corporate clients to buy more of their services.
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