Though it is shuttering its remaining 800 subprime consumer-finance branches in North America, HSBC Holdings PLC emphasized that it will continue expanding its U.S. banking operations.

On a conference call with reporters Monday, Paul Lawrence, the president and chief executive of HSBC Bank USA, said his unit of the London company opened 14 branches last year and plans to open "easily as many" this year. The $181 billion-asset depository is based in McLean, Va.

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