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HSBC to exit its business banking portfolio in U.S., Reuters reports

HSBC (HSBC) is exiting its business banking portfolio in the U.S., as it continues to simplify its operations and shift its focus to Asia and Middle East markets, Jaiveer Shekhawat and Saeed Azhar of Reuters reports. “Following a strategic review of our business, we have decided to exit our Business Banking portfolio in the United States,” it said in a statement, according to Reuters.

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