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Finance

HSBC reaches deals to sell most US branches

With pivot to Asia, bank to convert some offices to serve rich global clients

HSBC will sell 80 of its U.S. East Coast branches to Citizens Financial Group.    © Reuters

HONG KONG -- HSBC Holdings on Thursday announced its exit from U.S. retail banking, pulling the plug on years of underperformance, to focus on its profitable operations in Asia.

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