HSBC USA sued over Danny Pang fraud

A court-appointed receiver has filed a lawsuit accusing HSBC Bank USA of helping Newport Beach financier Danny Pang defraud Taiwanese investors of hundreds of millions of dollars. The lawsuit, filed Friday at the federal courthouse in Los Angeles, seeks to recover more than $1.8 million in fees that HSBC received for acting as a cash …

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 …