reports
Wealthiest Investors Spread a Wider Net in Drive for Global Diversific...
NEW YORK--(BUSINESS WIRE)-- The world’s wealthiest investors are becoming more mobile as they plan for additional residences around the world and seek out global opportunities for their assets and businesses. HSBC’s report shows how wealthy business owners share a global mindset – where national and regional borders are viewed as opportunities rather than obstacles. The report is based on a survey of high net worth (HNW) and ultra high net worth (UHNW) entrepreneurs about their attitudes towards their wealth and businesses in international markets. It focuses on five key global wealth hub...
Highest-Performing Companies to Dominate Fundraising in Venture Health...
NEW YORK--(BUSINESS WIRE)-- The venture healthcare market saw a return to new investment, up 30% versus 2023, but not without careful consideration of risk, with larger syndications of investors raising early-stage mega rounds or shifting focus to later-stage, leading to fewer small Seed and Series A deals, according to the annual . “In 2023 and 2024, many companies that raised insider extensions have not had the ‘rubber hitting the road’ moments as expected, so it’s likely that we see after-effects, including substantial consolidation and shut-downs as companies struggle to secure that next...
HSBC appoints Lisa McGeough as President and CEO for the United States
NEW YORK--(BUSINESS WIRE)-- HSBC announced that Lisa McGeough has officially been appointed President and Chief Executive Officer for the United States, effective January 1, 2025. In this role, Lisa will lead the next phase of growth for the United States, overseeing all businesses in the region. She will also drive the expansion of the newly integrated wholesale business, Corporate and Institutional Banking, in North America. Lisa will be based in New York City. This press release features multimedia. View the full release here: (Photo: Business Wire) Lisa will report to Michael Roberts in h...
HSBC Bank USA, N.A. and Affiliates Reduces Prime and Reference Rate
NEW YORK--(BUSINESS WIRE)-- HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 7.75% to 7.50%, effective tomorrow, 12/19/2024. About HSBC HSBC USA Inc. ("HUSI") is a Maryland corporation and its principal business is to act as a holding company for its subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA, N.A. and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, including high net worth individuals, small businesses, corporations, institutions and governments. ...
HSBC Launches New Mortgage Assistance Program–CommunityWorks Opening D...
NEW YORK--(BUSINESS WIRE)-- HSBC announced today the launch of , a new program that offers home loan grants to homebuyers in underserved counties in California, Florida, New York, New Jersey, Virginia, Washington and the District of Columbia. It is effective January 1, 2025. The new grant provides up to $25,000 in down payment assistance for homebuyers who are buying a home with an HSBC CommunityWorks mortgage, an existing product that offers $5,000 in closing cost assistance, financing up to 97% of a property’s appraised value, and no private mortgage insurance (PMI) requirement, among othe...
HSBC Report Shows Venture Ecosystem Recalibrates for Economic Growth W...
NEW YORK--(BUSINESS WIRE)-- HSBC Innovation Banking published today its latest quarterly outlook for the U.S. technology sector, exploring major trends shaping startup development, venture activity, and big tech strategies in the age of AI. The report identifies three defining themes: A growing concentration of venture activity within AI, with U.S. venture investment in AI companies nearing the scale of capital allocated to the rest of the venture market Massive R&D spending from Mag7 companies, totaling more than all dollars invested in U.S. startups in 2024 Innovation create new w...
HSBC U.S. Head of International Wealth, Premier and Global Private Ban...
NEW YORK--(BUSINESS WIRE)-- HSBC U.S. Head of International Wealth, Premier and Global Private Banking Racquel Oden today announced that Eric Ingber has been named U.S. Head of Ultra High Net Worth, leading efforts to support high-performing teams across sales, investment management, and compliance. This press release features multimedia. View the full release here: HSBC U.S. Head of Ultra High Net Worth Eric Ingber (Photo: Business Wire) “We are thrilled to have Eric join HSBC and focus on delivering exceptional service to our U.S. and international clients,” Racquel said. “Our international...
HSBC Asset Management Appoints Pete Scott to Lead Venture Debt Offerin...
SAN FRANCISCO--(BUSINESS WIRE)-- HSBC Asset Management (HSBC AM) has appointed Pete Scott as Head of Innovation Credit as the business extends its alternatives credit capabilities through the development of its venture debt strategy. This press release features multimedia. View the full release here: HSBC Asset Management (HSBC AM) appointed Pete Scott as Head of Innovation Credit. (Photo: Business Wire) The new capability is being developed in partnership with HSBC Innovation Banking, which has become one of the most active providers of venture debt across the markets it serves. The asset se...
HSBC and National Community Reinvestment Coalition (NCRC) Announce $25...
NEW YORK--(BUSINESS WIRE)-- HSBC and the National Community Reinvestment Coalition (NCRC) announced a four-year, $25 million community growth initiative today, as part of HSBC’s broader strategy to drive responsible banking practices and promote financial equity across its U.S. footprint and designed to address concerns raised by NCRC. The partnership, which begins January 2025, aims to expand economic opportunities in low and moderate-income, diverse, and underserved communities through a combination of loan subsidies, community development grants, and philanthropic donations. HSBC’s invest...
HSBC Global Entrepreneurial Wealth Report: U.S. Entrepreneurs Optimist...
NEW YORK--(BUSINESS WIRE)-- reveals that an impressive 94% of U.S. HNW and UHNW entrepreneurs are optimistic about future business prospects, and 88% believe their wealth will grow in the next 12 months, even as markets face uncertainties. The study, conducted by Ipsos UK on behalf of HSBC Global Private Banking across ten markets—including the U.S., UK, Switzerland, China, and UAE—surveyed 1,798 HNW and UHNW business owners who chose to take part in the survey with at least $2 million in investable assets, and included interviews with both first-generation and multi-generational entreprene...
HSBC Bank USA, N.A. and Affiliates Reduces Prime and Reference Rate
NEW YORK--(BUSINESS WIRE)-- HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 8.00% to 7.75%, effective tomorrow. ends/more About HSBC HSBC USA Inc. ("HUSI") is a Maryland corporation and its principal business is to act as a holding company for its subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA, N.A. and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, including high net worth individuals, small businesses, corporations, institutions and governments. HSB...
HSBC US Head of Wealth, Premier and Global Private Banking Racquel Ode...
NEW YORK--(BUSINESS WIRE)-- HSBC US Head of Wealth, Premier and Global Private Banking Racquel Oden was awarded the London Stock Exchange Group Global Executive Leader Award at the 2024 Powerlist Black Excellence Awards. This press release features multimedia. View the full release here: HSBC US Head of Wealth, Premier and Global Private Banking Racquel Oden was awarded the London Stock Exchange Group Global Executive Leader Award at the 2024 Powerlist Black Excellence Awards. (Photo: Business Wire) The award recognizes an outstanding leader, based outside the UK, who has demonstrated exceptio...
Artificial Intelligence and Trust to Reshape Healthcare by 2035, HSBC ...
NEW YORK--(BUSINESS WIRE)-- A strengthening of trust between physicians and patients, a reinvention of in-person interactions, and new innovations that resolve silos and reimagine incentives, are factors needed for meaningful change in healthcare, according to the , published by HSBC Innovation Banking and The Linus Group. This report was announced at HLTH USA 2024 in Las Vegas. Health 2035 explores the intersection of industry and health through a two-fold lens: the young physician perspective and future scenarios that will drive innovation. The survey portion of the report includes respons...
HSBC Bank USA, N.A. and Affiliates Reduces Prime and Reference Rate
NEW YORK--(BUSINESS WIRE)-- HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 8.50% to 8.00%, effective tomorrow. About HSBC HSBC USA Inc. ("HUSI") is a Maryland corporation and its principal business is to act as a holding company for its subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA, N.A. and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, including high net worth individuals, small businesses, corporations, institutions and governments. HSBC USA Inc. ...
New HSBC Study on Decision-Making Reveals Decision Paralysis Among US ...
NEW YORK--(BUSINESS WIRE)-- From complex supply chains to unexpected global events, uncertainty is impacting the ability of business leaders and individuals to make confident decisions, according to a new HSBC global study, . This press release features multimedia. View the full release here: (Graphic: Business Wire) The global study of 17,555 individuals across 12 countries, including 1,500 in the U.S., has uncovered that business decision makers and individuals planning for the future are struggling to navigate change and make decisions in their lives. Research shows that while 79% of busin...
An Optimist’s Guide to a Shifting Landscape
NEW YORK--(BUSINESS WIRE)-- In its Q4 2024 investment outlook, , HSBC Global Private Banking indicates that while the U.S. economy is slowing, an imminent recession is not anticipated to be on the horizon. Investors continue to look for buying opportunities, supported by the prospect of rate cuts, potential corporate earnings improvement, nearshoring/re-industrialization and innovation boosting productivity and valuation opportunities. HSBC Global Private Banking’s four investment priorities are: Targeting earnings endurance: Companies have shown they can deliver strong earnings despite mod...
HSBC Announces New Benefits for Premier and Elite Credit Cards to Incr...
NEW YORK--(BUSINESS WIRE)-- HSBC today announced increased welcome bonus points and new and enhanced benefits for the , designed for everyday spending, and the , designed to enhance lifestyle and travel experiences. This press release features multimedia. View the full release here: HSBC Premier and Elite Credit Cards (Photo: Business Wire) The HSBC Premier credit card has an annual fee of $95 and is offering a welcome bonus of 50,000 points for eligible card members, worth over $1,200 in benefits in the first year and up to $600 every year thereafter. The HSBC Elite credit card has an annual...
Venture Healthcare Market Entering Important Phase as Companies Must S...
NEW YORK--(BUSINESS WIRE)-- The downturn in the venture healthcare market has extended into 2024, yet many healthcare companies still secured new investment rounds at robust step-up valuations, with potential M&A and IPO opportunities, according to Conversely, companies with dwindling insider round cash will need to find new lead investors or consider consolidation and/or shutdown. “Some companies continue to raise large rounds even in the down market, but the key question in 2024 is whether the prevalent insider rounds from 2022 and 2023 will provide enough runway for companies to reach a ...
HSBC U.S. Head of Wealth and Personal Banking Racquel Oden Expands Tea...
NEW YORK--(BUSINESS WIRE)-- HSBC U.S. Wealth and Personal Banking Head Racquel Oden today announced that Carly Doshi has returned to HSBC as the new Head of Wealth Planning and International Connectivity. In this role, Carly will lead a team of wealth professionals who provide specialist advice for clients on income and estate guidance, wealth transfer, pre-immigration, philanthropy, family governance, family office advisory, and comprehensive financial planning matters. This press release features multimedia. View the full release here: HSBC U.S. Head of Wealth Planning and International Con...
HSBC U.S. Head of Wealth and Personal Banking Racquel Oden Expands Tea...
NEW YORK--(BUSINESS WIRE)-- HSBC U.S. Wealth and Personal Banking Head Racquel Oden today announced that Clark Pingree and Dufresne “Didi” Nicolas have joined the bank as Regional Market Heads for the West Coast and North regions, respectively. The hires are part of Oden’s new growth strategy focused on supporting international and high net-worth clients. She joined the bank in December as the new U.S. Head of Wealth and Personal Banking. This press release features multimedia. View the full release here: HSBC Regional Market Head Clark Pingree will be based in San Francisco. (Photo: Business...
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