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HSBC to Launch Retail Branches in Japan

New York City, British-based HSBC said Thursday it will make its entry into Japan’s retail banking sector early next year with a nationwide network of branches targeting wealthy individuals.

The banking giant will open branches in Tokyo, Osaka and other cities. It is looking to expand its presence throughout Asia. On Monday, HSBC announced a deal to buy half of South Korea’s sixth-biggest bank, Korea Exchange Bank.

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