Sullivan & Cromwell has taken the lead role on HSBC's $1bn (£615m) sale of 195 US branches to First Niagara Financial Group, reports The Am Law Daily. HSBC, which on Monday (1 August) announced plans to shed 30,000 jobs worldwide, is paring down its US assets as part of a larger cost-cutting initiative.
August 02, 2011 at 04:31 AM
1 minute read
The original version of this story was published on Legalweek
Sullivan & Cromwell has taken the lead role on HSBC’s $1bn (£615m) sale of 195 US branches to First Niagara Financial Group, reports The Am Law Daily.
HSBC, which on Monday (1 August) announced plans to shed 30,000 jobs worldwide, is paring down its US assets as part of a larger cost-cutting initiative.
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