Will HSBC bad reputation slow branch growth?

HSBC branch growth is slowing, so HSBC is calling it a niche model. “We have a very niche branch strategy we are not opening our branches just to cover” the country, Brendan McDonagh, chief executive of HSBC North America Holdings Inc., said in a call with reporters on Monday. “We have no aspirations to compete on every street corner, in every state.”

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