We'll find out for sure this week after earnings, however, FT is reporting this is confirmed already. Seems short sighted as many customers is Asia are likely interested in HSBC since they have a US presence. I myself have an HSBC account since they have a large international presence.
HSBC is accelerating its “pivot to Asia”, moving top executives from London to Hong Kong, scrapping its US retail banking operation and planning further expansion in Singapore.
https://www.ft.com/content/38c3670c-...e-0f9eee553744