Household HSBC Watch

On Friday November 30th, Pacific Business News was able to get some information from HSBC Finance regarding closings in Hawaii. Subprime lender Beneficial Hawaii will see its branch network shrink as parent company HSBC Holdings attempts to rein in U.S. lending losses. “We will be closing some offices in Hawaii, but we will […]

HSBC already has a growing corporate and investment banking business in Russia and an office there, but obtaining the license is a key step toward becoming the first British lender to build a retail presence in Russia.
After a decade building up its business in Latin America, the world’s third-largest bank has more recently turned its […]

Combined third-quarter profits for HSBC USA and HSBC Finance Corp. fell 15.5 percent, as a tight profit margin, lower banking fees, higher operating expenses and higher loan losses offset growth in the company’s bank branch network, commercial lending, retail mortgage and credit card divisions.
The two U.S. units of HSBC Holdings Plc reported total profit before […]

HSBC is expected this week to unveil plans to boost its presence on the Japanese market, including corporate lending and retail banking, the Times reported on Wednesday. Japan is the only major Asian financial centre where HSBC does not have a significant business presence.

According to consumer advocates in the United States HSBC exports […]

HSBC Private Bank has hired Peter Carlson to manage the Washington, Boston and upstate New York operations. Carlson joins HSBC USA from Citigroup Private Bank, where he was a director and private banker. Although he’ll be based in New York, Carlson will look to expand the private bank’s operations in the D.C. region, […]

HSBC Bank USA has named Thomas M. Neale to oversee efforts to build a commercial banking presence in Maryland, Washington, D.C., and Virginia. Neale will lead HSBC, a unit of one of the world’s largest financial companies, in its push into the lucrative mid-Atlantic market. He comes to HSBC from Wachovia Corp., where he […]

Services Help Indian Small Enterprises and Startups Compete in North American Markets With Hosted VoIP Services For 80 Percent Less Than Other Telecommunication Services. These are not native Americans - we are talking about the country of India.

Indian small businesses can now access inexpensive U.S. and Canadian local and toll free numbers over the […]

TESTIMONY OF
ELIOT SPITZER
NEW YORK ATTORNEY GENERAL
BEFORE THE ASSEMBLY STANDING COMMITTEE ON BANKS
REGARDING THE
OFFICE OF THE COMPTROLLER OF THE CURRENCY’S
PREEMPTION OF STATE CONSUMER PROTECTION LAWS

New York, New York
April 16, 2004
Good morning.
I want to thank Chairwoman Nolan and the other members of the Banking Committee for convening this hearing on a topic that is […]