Economic security
In late July 2012, First Niagara
Financial Group announced that it would buy 195 retail bank branches in New
York and Connecticut from HSBC for around $1 billion. [1] HSBC acquired the
branches when it bought the spooky Marine Midland in 1980.
According to Global Finance, the
UK-headquartered HSBC Holdings is the world’s 3rd largest bank with $2.36
trillion in assets.
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