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 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...
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...
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...
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 ...
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...
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...
NEW YORK--(BUSINESS WIRE)-- HSBC today announced that Danielle Johnson has been appointed Global Head of Institutional Client Group (ICG) within the Global Banking and Markets business. In this role, she will be responsible for strengthening the coverage of institutional clients, particularly Western headquartered clients, who conduct business globally. Johnson’s appointment is effective as of June 3. Based in New York City, Johnson will report to Lisa McGeough and Gerry Keefe, Co-Heads of Global Banking Coverage. “Danielle’s impressive experience in banking will be pivotal as we focus on ...
NEW YORK--(BUSINESS WIRE)-- With global supply chains becoming more complex and geopolitical uncertainty increasingly impacting global trade, thus changing the nature of trade flows, supply chain finance can be an important tool to help eliminate those risks, according to “” a new HSBC report published in collaboration with Procurement Leaders, a World50 Group Community. This press release features multimedia. View the full release here: HSBC Americas Head of Global Trade Solutions Marissa Adams (Photo: Business Wire) While supply chain disruptions are nothing new, complex modern products hav...
NEW YORK--(BUSINESS WIRE)-- HSBC today unveiled its new, innovative workspace in Buffalo’s historic Larkin Square neighborhood, reinforcing its presence in the Western New York region. The move supports the bank’s approach to fostering a dynamic environment for its Buffalo employees to feel engaged and collaborative in the workplace, thus providing optimal service for clients. Prominent community guests joined the event, including Stacey Hengsterman, CEO of Special Olympics New York; Dottie Gallagher of Buffalo Niagara Partnership, and Howard Zemsky and Kayla Zemsky of the Larkin Development...
NEW YORK--(BUSINESS WIRE)-- HSBC today announced the inauguration of its new U.S. headquarters at The Spiral, a renowned office building in New York City’s Hudson Yards neighborhood, marking its largest U.S. relocation to date. This headquarter move, combined with investments in other offices across the country, reinforces HSBC’s position as a leading international bank with a commitment to New York City and its U.S. operations. In addition, the innovative design process for its Hudson Yards office space exemplifies HSBC's progressive approach to reshaping the future of work by fostering an em...
NEW YORK--(BUSINESS WIRE)-- HSBC Bank USA today announced the launch of the , a new product designed to maximize a company’s returns by combining an Earnings Credit Rate (ECR) with credit interest, thus earning interest on every dollar deposited into the account. Unlike traditional ECR accounts where unused credits are forfeited, the new HSBC Hybrid Checking Account ensures that businesses benefit from both earnings credit and credit interest on remaining balances. By setting a threshold amount clients target their balance for the earning credit calculation. Any excess earnings credit, are c...
NEW YORK--(BUSINESS WIRE)-- HSBC today announced the opening of its flagship wealth center at The Spiral in New York City’s Hudson Yards neighborhood. The new center is a key part of the bank’s wealth management strategy and will include wealth advisors dedicated to supporting high-net worth and ultra-high-net worth clients with a focus on individuals and families with international ties. The new flagship wealth center is part of a network of strategically positioned wealth centers across the U.S. to provide clients with access to highly specialized wealth and everyday banking services. This ...
Sale of HSBC Canada with a positive impact on HSBC's capital buffers. No further performance impact of migration HSBC Bank Canada's covered bonds into Royal Bank of Canada's covered bond programme. Bank bond performance overview
Sale of HSBC Canada with a positive impact on HSBC's capital buffers. No further performance impact of migration HSBC Bank Canada's covered bonds into Royal Bank of Canada's covered bond programme. Bank bond performance overview
NEW YORK--(BUSINESS WIRE)-- HSBC announced today the appointment of Andrew Fullam as Chief Financial Officer (CFO) for the US and Americas. This press release features multimedia. View the full release here: Andrew Fullam, HSBC Chief Financial Officer for the US and Americas (Photo: Business Wire) In this role, he will be responsible for the region’s financial operations, including accounting, regulatory reporting, stress testing and capital management. Fullam rejoins HSBC from Wells Fargo where he served as Head of Enterprise Financial Planning & Analysis since the beginning of 2023. Based...
NEW YORK--(BUSINESS WIRE)-- , the most active pre-seed investor in the world, today announced that , the leading bank for the global innovation economy, will be its preferred banking partner for its global portfolio of startups. As part of this collaboration, Techstars portfolio companies will gain access to specialized HSBC products and services tailored to founders’ specific growth ambitions. HSBC Innovation Banking is a specialized banking practice serving the innovation economy by leveraging deep-industry expertise, a client-first culture, and the strength and stability of HSBC’s global ...
NEW YORK--(BUSINESS WIRE)-- HSBC today announced a partnership with Google Cloud to accelerate climate mitigation and resilience through financing and support for companies in the (GCR-Sustainability) programme. GCR-Sustainability is a validation programme for companies with solutions available on Google Cloud that help customers achieve goals including carbon emission reduction, increased sustainability in value chains, and processing of ESG data to help identify climate risks. Under the new partnership, Google Cloud will introduce GCR-Sustainability companies to HSBC’s specialist climat...
NEW YORK--(BUSINESS WIRE)-- HSBC Bank USA announced today the recent appointment of Edith Avilés to the HSBC North America Holdings Inc. (HNAH) and HSBC Bank USA, N.A. (HBUS) Boards of Directors, effective January 1. This press release features multimedia. View the full release here: (Photo: Business Wire) Avilés has 30 years of investment banking experience across US, European and Latin American markets. In 2022, she retired from investment management firm Natixis S.A., where she most recently served as the Vice Chairman and Executive Committee Member for the Americas division. Prior to that...
NEW YORK--(BUSINESS WIRE)-- A significant number of healthcare companies will face challenges raising capital in the coming year, leading to valuation re-sets and possibly consolidations, according to Despite venture capital available for investment, investment dollars declined 28%. For the best deals, however, capital remained plentiful with large rounds and valuation step-ups. The report shows that 2024 will bring about further transformation in key sectors (biopharma, healthtech, medical devices and dx/tools) led by a focus on patient needs, new technologies and strong partnerships. “I...
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