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 company, HSBC USA, is based in New York City.
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. Lawrence, who is returning to London as Group head of audit for parent HSBC Holdings Plc.
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 did HSBC receive from AIG?
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.
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.