HSBC is looking to increase its presence in Russia by pumping $200 million into its operation in the country and appointing a new Russia CEO, the bank announced Wednesday. The plans at HSBC, which calls itself “the world’s local bank,” will see the global brand plunge into retail banking and open up branches in […]
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 […]
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