HSBC is effectively fully exiting the west. US, Canada and this year UK was announced, also noticed the floors in our building that the ICBK are on are coming up for availability.
If you dig in, you will find that HSBC is an Asian bank with a British regulatory structure. HSBC Group is large, and functionally HQ'd in hong kong, but on top of that, as I said, if you dig in, you'll find a lot of things that show HSBC is an Asian bank with a British regulatory structure, it's why it's used by people like myself.
