BUFFALO, NY (WKBW) - Less than a week after getting out of the retail banking business by selling 195 Upstate New York bank branches to First Niagara Bank, HSBC is laying off workers in downtown Buffalo.
77 employees who work for the bank's anti-money laundering unit will be unemployed by the fall, said a company spokesman.
"The U.S. anti-money laundering monitoring function in Buffalo is transitioning to New York City and Delaware, where we are expanding existing monitoring teams to centralize and concentrate expertise," said spokesman Robert Sherman.
The workers will have priority for other positions within the bank, Sherman said.
Earlier this month, 100 former HSBC employees who were transferred to Capital One Financial Corp. along with HSBC's U.S. credit card unit found out they would be out of work by year's end.
200 HSBC workers at the bank's Depew mortgage operation also learned they would be laid off soon.
Roughly 3,000 people are employed at One HSBC Center and in the nearby Atrium Building in downtown Buffalo.
Sherman would not comment about the possibility of future layoffs, but added that the bank is hiring in Buffalo for select positions.