Episode 3: Buffalo’s Secret – HSBC’s Hidden Role in U.S. Deregulation

Why did a global financial giant like HSBC base its U.S. operations in Buffalo, New York? In this episode, Mario uncovers a lesser-known story—how Buffalo, far from the eyes of major regulators, became the quiet epicenter for the push to dismantle Glass-Steagall. Was it just a cost-saving move, or something far more strategic? Mario explores how Buffalo may have been chosen to keep HSBC’s efforts to reshape U.S. financial regulation out of the spotlight. Listen in for the backstory that connects an unlikely city to a global financial overhaul.