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HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

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Posts Tagged ‘ HSBC USA ’

7 December
Posted in General News
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HSBC History in Buffalo New York

Buffalo was the headquarters of Marine Midland Bank now HSBC Bank USA for about 150 years before HSBC moved the legal headquarters, first to Delaware and now to northern Virginia. It still employs 6,000 in Buffalo, where it maintains substantial banking, support and back-office operations, but its holding [...]

7 October
Posted in General News
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Irene M. Dorner new HSBC USA President and CEO

HSBC Bank USA has named a new president and CEO out of its Malaysian affiliate, to take the helm of the Delaware-based bank in January. Irene M. Dorner, currently the deputy chairwoman and CEO of HSBC Bank Malaysia Bhd, will take over the U.S. bank’s top job from Paul J. [...]

1 October
Posted in General News
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HSBC received $3.5 Billion of AIG bailout money

A survey showed the AIG name as one of the most hated brands. Marketing was one of most disliked words, as AIG tried to put a positive spin on parties, bonuses, bailouts and losses. The U.S. Government bailout of AIG angered many. What is HSBC’s relationship to AIG? How much [...]

4 September
Posted in General News
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HSBC saves a penny while Americans don’t save enough

HSBC Bank USA, N.A., (HSBC) today announced the results of a new survey which revealed that, although the U.S. personal savings rate has risen relative to recent years, the majority of Americans do not have nearly enough savings to sustain themselves should their income cease. Why? Some are HSBC customers. [...]

3 September
Posted in Green Initiative
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HSBC Green Initiative falls flat when 32 Facilities violate EPA

Yesterday we wrote about HSBC violations of the Americans With Disabilities Act. Today we present HSBC violations of the Clean Water Act, Clean Air Act, and other EPA violations. At least thirty-two facilities were in violation. This news is shocking because HSBC has been pushing a “green initiative” for a [...]