The accounts dropped by Riggs Bank were taken by HSBC.
> The accounts dropped by Riggs Bank were taken by HSBC.
Link to support claim: http://www.washingtonpost.com/wp-dyn/articles/A7285-2004Oct4.html
HSBC to Open D.C. Branch, Pursue Embassy Clients
October 5, 2004; Page E02
“As Riggs previously disclosed, the company is in the process of winding down its embassy banking business,” Riggs spokesman Mark N. Hendrix said. “As a service to our remaining embassy clients, Riggs is working closely with HSBC to ensure a smooth transition.”