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The HSBC Online Banking Services Changing to no longer include the retail banking portion of their business for those living in America, especially in upstate New York. This part of their business is in the process of being sold to First Niagara Bank. While investing your money with their current bank rates will still be honored until the sale is final, after that point all agreements and terms can be changed. Their online banks that service customers around the world will still be functional, but the brick and mortar branch offices in New York are to be sold. In other states, the branch offices will be consolidated at first and then their future will be decided at a later date. The new focus of HSBC is the emerging Asian market. There they have higher interest rates because the economies of that region of the world have already recovered from the financial disaster that beset America and Europe. This trend of the growing Asian influence on the market place is beginning to worry many investors of the world. China already holds a fifth of the worlds gold deposits and a fifth of the US debt. Place this into perspective with China becoming the second largest economy in the world lately and their growing influence on the world’s stage is on sound footing. HSBC is a British company that began in Hong Kong and Shanghais when England was the top world power. Lets us just hope that this shift is not a trend that sees America’s influence on the world’s stage diminish to the point of being no longer relevant. The HSBC Online Banking Services Changing are not effecting most accounts at this time, but their core business is which should be taken as a warning to the rest of the world as the power shifts to the Far East. We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution. For additional resources involving financial help, please view PNC Online Banking best bank savings rates, Westpac Online Banking and Online Banks at http://onlinebanksblog.weebly.com/ Article Source : http://www.onlinebanksblog.com/hsbc-online-banking-services-changing/
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