Jonathan D. Epstein of the Buffalo News writes -”HSBC North America Holdings will move its legal headquarters from Illinois back to New York City in January, as the British banking giant refocuses its U. S. strategy on basic banking and credit cards, not consumer finance.

The umbrella holding company for HSBC Bank USA, HSBC Bank Canada and the remaining pieces of HSBC Finance will now be based out of HSBC Bank USA’s headquarters at 452 Fifth Ave. in Manhattan.

Brendan P. McDonagh, HSBC Group managing director and North America chief executive officer, will relocate from Mettawa, Ill., to New York as part of the move, which brings the focus of the London-based global bank back to the Empire State for the first time since 2003.”

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