BUFFALO, N.Y. (WIVB) - On Tuesday, News 4 told you about an expected announcement from HSBC that could affect thousands of western New York families.
News 4 is monitoring a feed from London, where HSBC's chief officers are laying out the future of the bank, but their chief executive did say earlier Wednesday morning that some upstate New York branches don't fit into the bank's restructuring plans.
The more than 5,000 HSBC employees in western New York are waiting to hear how exactly this will affect them.
The bank's highest officials are detailing a plan that they say will cut between two-and-a-half and three billion dollars in costs over the next three years. They will also look to sell businesses, and will review its U.S. credit card businesses and retail network.
HSBC Chief Executive Stuart Gulliver didn't say which upstate markets would be affected, but said there will be more details released later Wednesday morning.
Gulliver said,"Neil will be talking about a later later, also some upstate New York branches that don't fit with where we think the growth opportunity in the U.S. economy is."
Neil Booker, who he referred to, is HSBC's North American Chief Executive.
For all of those families of the 5,000 HSBC employees waiting to hear, News 4 will be keeping you updated with all the latest information.
We should be hearing more on the local impact later Wednesday morning.
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State Police need your help finding the pickup truck driver who pinned a mother against her vehicle as she was loading her baby and young son into it and then fled the scene.
A house became engulfed in flames on Route 243, in Rushford, early Wednesday morning.
The Cattraugus County Sheriff’s Office says a 17-year-old male from East Otto was arrested on Monday evening.
News 4 will get a tour of the new gaming floor at the Seneca Niagara Casino and Hotel on Wednesday. The casino pumped $26 million into the main gaming floor.
The Mounted Patrol from the Erie County Sheriff’s Department is kicking off its annual Mounted for Meals food drive.