Operation in Britain to be rebranded HSBC UK instead, in move forced by rules requiring high street banking to be ringfenced from investment banking
HSBC has demonstrated its commitment to its high street banking operations in the UK by rejecting the idea of reviving the Midland name that hung over its 1,000-strong branch network 20 years ago.
The bank, which is based in Britain and has operations in 73 countries, announced in June that it would rebrand its UK business – and fuelled speculation it could potentially sell them off – as a result of the rules that require high street banking to be ringfenced from investment banking.
Continue reading…
Source: The Guardian Circular Economy RSS