Source: South China Morning PostAfter four decades of operating in the United States, HSBC is preparing to exit its American retail banking business for mass-market customers and small businesses to focus primarily on wealthy clients and big, international corporations.As a stand-alone retail bank, HSBC said its scale could not compete effectively with the biggest US banks, JPMorgan Chase, Bank of America, Citibank and Wells Fargo.HSBC, the biggest of Hong Kong’s three currency-issuing banks, is putting more resources to work…Read More