HSBC opens in Apple's home town, plans 50 new U.S. branches

(Reuters) - The U.S. arm of HSBC Holdings Plc announced plans on Monday to expand its branch network by around a quarter as it opened a new location in Apple Inc's home town of Cupertino, California.The move by Europe's biggest lender by assets comes as it plans a broader strategic shift to try to improve performance in the United States at a time when many lenders are retrenching.HSBC, which makes more than 80% of its profit in Asia, last month announced plans to boost its Asia retail wealth..