HSBC did not sail through the financial crisis

In an editorial the other day we read this quote, and beg to disagree” If any bank can claim to have sailed through the global financial crisis relatively intact, it is HSBC. The bank has not been censured by the regulators; it has not been bailed out with one dollar of government funding and, most …

Forget subprime – HSBC USA wants globally minded customers

HSBC Bank USA, N.A. today confirmed the appointment of seven experienced bankers to reinforce its expanding Premier business in Washington D.C. Clearly this is a step HSBC can take with or without Household International and HSBC Finance. HSBC’s premium international financial management service is tailored to individual needs while providing globally minded customers with access …

HSBC cautioned in New Zealand

The New Zealand Commerce Commission has warned state-owned lender Kiwibank and HSBC over the fees they charge customers for repaying mortgages early. The regulator completed an investigation into the fees after “a range of complaints from bank customers” following sharp declines in interest rates in late 2008 and early 2009. Kiwibank and HSBC were warned …