I commented on this above. They announced this over the summer. The real question people should be asking is "Why is one of the most corrupt, profitable banks closing and shifting to Wealth Management? Also this announcement came at the same time this https://www.theguardian.com/business/2021/jul/28/hsbc-faces-questions-over-disclosure-of-alleged-money-laundering-to-monitors and here https://www.thebureauinvestigates.com/stories/2021-07-28/money-laundering-ring-pushed-4.2bn-through-hsbc Now remember these payments went to the Gupta family. This is a very old family in India. https://en.wikipedia.org/wiki/Gupta_Empire#Gupta_administration Obviously a bloodline is watered down through centuries but remember India STILL has a very stringent CASTE system in place. Whether the hsbc gupta can be linked to these https://techcentral.co.za/how-the-guptas-used-the-new-age-to-fleece-the-state/206403/ requires genealogical skills. And I found it interesting that CNN's chief medical advisor is a Gupta. > Here's a link. They announced this over the summer. https://www.thenationalnews.com/business/banking/hsbc-exits-retail-banking-business-in-the-us-1.1230688 Shifting in Wealth Management.