HSBC Expands Branch Footprint in the U.S.

HSBC is following in the footsteps of JPMorgan Chase and Bank of America by adding new branches in the U.S. to new markets; the UK based bank is set to add as many as 50 new branches and 300 bankers; the plan is to have the new branches opened in the next 3 to 4 years with 40 percent being located in low to moderate income neighborhoods; the new branches are part of a larger strategy for the bank who has recently announced partnerships with online lender Avant for personal loans, fintech Roostify for digital mortgages and digital wealth management fintech Marstone for a new wealth platform. Source.