reports
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...
HSBC Appoints Danielle Johnson as Global Head of Institutional Client ...
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 ...
HSBC Report Shows Global Supply Chains Remain Vulnerable to Unanticipa...
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...
HSBC Inaugurates Innovative Workspace in Buffalo’s Historic Larkin Squ...
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...
HSBC Unveils Innovative New US Headquarters in Hudson Yards, Shaping t...
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...
HSBC Announces New Hybrid Checking Account
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...
HSBC Accelerates Wealth Management Strategy in U.S. with Opening of Fl...
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 ...
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
Bank Brunch/HSBC Canada sale to RBC and its impact on HSBC and covered...
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
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