HSBC HOLDINGS PLC. overview

HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 7.75% to 7.50%, effective tomorrow, 12/19/2024. About HSBC HSBC USA Inc. ("HUSI") is a Maryland corporation and its principal business is to act as a holding company for its subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA, N.A. and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, including high net worth...

HSBC announced today the launch of HSBC CommunityWorks Opening Doors , a new program that offers home loan grants to homebuyers in underserved counties in California, Florida, New York, New Jersey, Virginia, Washington and the District of Columbia. It is effective January 1, 2025. The new grant provides up to $25,000 in down payment assistance for homebuyers who are buying a home with an HSBC CommunityWorks mortgage, an existing product that offers $5,000 in closing cost assistance, financing up...

HSBC Innovation Banking published today its latest quarterly outlook for the U.S. technology sector, exploring major trends shaping startup development, venture activity, and big tech strategies in the age of AI. The report identifies three defining themes: A growing concentration of venture activity within AI , with U.S. venture investment in AI companies nearing the scale of capital allocated to the rest of the venture market Massive R&D spending from Mag7 companies , totaling more than all...

HSBC U.S. Head of International Wealth, Premier and Global Private Banking Racquel Oden today announced that Eric Ingber has been named U.S. Head of Ultra High Net Worth, leading efforts to support high-performing teams across sales, investment management, and compliance. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241211704665/en/ HSBC U.S. Head of Ultra High Net Worth Eric Ingber (Photo: Business Wire) “We are thrilled to have...

HSBC Asset Management (HSBC AM) has appointed Pete Scott as Head of Innovation Credit as the business extends its alternatives credit capabilities through the development of its venture debt strategy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241125883255/en/ HSBC Asset Management (HSBC AM) appointed Pete Scott as Head of Innovation Credit. (Photo: Business Wire) The new capability is being developed in partnership with HSBC...

HSBC and the National Community Reinvestment Coalition (NCRC) announced a four-year, $25 million community growth initiative today, as part of HSBC’s broader strategy to drive responsible banking practices and promote financial equity across its U.S. footprint and designed to address concerns raised by NCRC. The partnership, which begins January 2025, aims to expand economic opportunities in low and moderate-income, diverse, and underserved communities through a combination of loan subsidies,...

HSBC’s Global Entrepreneurial Wealth Report 2024 reveals that an impressive 94% of U.S. HNW and UHNW entrepreneurs are optimistic about future business prospects, and 88% believe their wealth will grow in the next 12 months, even as markets face uncertainties. The study, conducted by Ipsos UK on behalf of HSBC Global Private Banking across ten markets—including the U.S., UK, Switzerland, China, and UAE—surveyed 1,798 HNW and UHNW business owners who chose to take part in the survey with at...

HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 8.50% from 8.25%, effective tomorrow. About HSBC HSBC USA Inc. ("HUSI") is a Maryland corporation and its principal business is to act as a holding company for its subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA, N.A. and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, including high net worth individuals, small...