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HSBC (HBC) is to sell 195 branches, mostly in New York, to First Niagara Bank (FNFG) for $1B as...
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Monday, August 1, 2011, 2:35 AM ETHSBC (HBC) is to sell 195 branches, mostly in New York, to First Niagara Bank (FNFG) for $1B as part of the U.K. bank's plan to pare its U.S. operations and exit non-core markets. First Niagara may sell some branches that don’t fit with its strategy and to allay any antitrust concerns. (PR)
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