HSBC Selling Off Properties

HSBC is not convinced that the recession is coming to a close or that they are in the clear. The company continues to sell off its international offices. It was announced that they are now selling their New York City headquarters to Israeli businessman Nochi Dankner for $330 million. It is noted that South Korea's National Pension Service is interested in buying HSBC's headquarters in Canary Wharf (London).