HSBC expands single-bank platform's reach
The platform will go live in Spain, Greece and Poland this month. The bank plans to roll out the platform in Armenia and the Czech Republic in the third quarter, and Saudi Arabia in the fourth quarter.
Bank clients will be able to deal with local branches of HSBC but receive pricing from one of the bank's four global hubs in New York, London, Dubai or Hong Kong. Risk management is controlled from these four locations, switching between hubs to wherever the most liquidity is. The bank's
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