WASHINGTON — British bank HSBC violated the Bank Secrecy Act in connection with the laundering of money from narcotics drug traffickers in Mexico and intentionally allowed prohibited transactions with Iran and other nations that have been under sanctions, the Justice ...

Tagged with: HSBC Money Laundering sanctions

Five Star Bank, an affiliate of Warsaw-based Financial Institutions Inc., has completed its purchase of four HSBC Bank USA, National Association retail branch locations in Orleans and Chemung counties.   “We’re proud to be growing our branch network in new ...

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LONDON — HSBC PLC apologized to shareholders Monday as it disclosed a $700 million charge to cover the cost of U.S. penalties for lapses including its failure to enforce money-laundering controls in Mexico. The provision was announced as Europe’s biggest ...

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Cleveland-based KeyBank National Association is on track to acquire 37 retail banking branches owned by HSBC Bank in Rochester and Buffalo. The closing is expected to occur on July 13, with KeyBank acquiring 26 branches in the Buffalo area and ...

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BUFFALO — First Niagara Bank has announced agreements to sell 27 branches to two upstate New York buyers as it moves ahead with its acquisition of HSBC Bank’s regional retail network. The Buffalo-based bank announced the separate sale of 37 ...

Tagged with: branches First Niagara Bank HSBC sale

KeyCorp has announced that its wholly-owned subsidiary, KeyBank National Association, has signed a purchase and assumption agreement to acquire 37 retail banking branches currently owned by HSBC Bank NA in Buffalo and Rochester. The transaction strengthens Key’s ability to grow ...

Tagged with: acquisition HSBC

BUFFALO — Federal officials say First Niagara Financial Group and HSBC Holdings PLC have agreed to sell 26 New York bank branches to satisfy antitrust concerns arising from First Niagara’s planned purchase of the London-based financial giant’s upstate retail network. ...

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What does First Niagara Financial Group’s acquisition of 195 branches of HSBC Bank USA across upstate New York and Connecticut mean for the regional banking industry? More competition, according to one local expert, and more opportunities for those who can capitalize on them, said another.

Tagged with: acquisition branches First Niagara Bank HSBC upstate New York

BUFFALO — HSBC doesn't expect the bank's plan to cut 30,000 jobs worldwide by 2013 to make a big dent in its western New York work force. The British banking group announced the job cuts on Monday ...

Tagged with: bank branches HSBC layoffs

A trade publication reports that British banking group HSBC aims to sell about 175 of its upstate New York bank branches by next month. American Banker, citing unidentified sources, reports that bids for the branches were due earlier this week and the buyer would be disclosed in about six weeks.

Tagged with: HSBC New York sale

Seven trusts of the Seymour H. Knox II family have been awarded $25.6 million in a management dispute with HSBC Bank. The judgment followed a lengthy two-phase trial before Erie County Surrogate Judge Barbara Howe.

Tagged with: HSBC lawsuit