|Bid||40.72 x 800|
|Ask||40.73 x 4000|
|Day's Range||40.71 - 41.03|
|52 Week Range||38.23 - 48.87|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||11.80|
|Forward Dividend & Yield||2.00 (4.91%)|
|1y Target Est||45.52|
HSBC Bank USA N.A. – which exited the retail banking market in Upstate New York in 2012 – says it makes sense to include Buffalo and Western New York in its branch expansion plans.
HSBC, which makes more than 80% of its profit in Asia, last month revealed plans to boost its Asia retail wealth management staff by about 300 by end of this year. HSBC Bank USA said it would also hire more than 300 employees as part of the expansion of its national retail branch network that would add up to 50 branches in new and existing markets. "HSBC is optimising its existing network to right-size and grow its business as well as expand its footprint into new and existing markets that provide attractive opportunities to grow its customer base," the London-based bank said.
The U.S. arm of HSBC Holdings Plc announced plans on Monday to expand its branch network by around a quarter as it opened a new location in Apple Inc's home town of Cupertino, California. The move by Europe's biggest lender by assets comes as it plans a broader strategic shift to try to improve performance in the United States at a time when many lenders are retrenching. HSBC, which makes more than 80% of its profit in Asia, last month announced plans to boost its Asia retail wealth management staff by about 300 by end of this year.
HSBC Bank USA, N.A., (HSBC), part of HSBC Group, one of the world’s largest banking and financial services organizations, today announced that it has opened a new branch office in Cupertino, California, at 19900 Vallco Parkway. “Retail branches are important and will continue to maintain a prevalent role in acquiring, retaining and serving customers,” said Pablo Sanchez, HSBC’s Head of Retail Banking and Wealth Management for North America. “While our digital capabilities and self-service channels continue to grow and improve, our network of neighborhood branches still attracts most of our new customers and strengthens our relationship with existing customers in need of additional financial services.
HSBC Bank USA, N.A., (HSBC) today announced a $50,000 grant to the African American Veterans Monument, the nation’s first-ever memorial dedicated solely to honoring the military service of African-American veterans and service members. “African Americans have fought for their country in every military conflict since the Revolutionary War, and too often their contributions are underappreciated, as are the hardships they faced,” said Jennifer Stryrbel, Chief Operations Officer, HSBC USA. Construction of the African American Veterans Monument will begin this summer at a waterfront site in the Buffalo & Erie County Naval and Military Park.
Hong Kong's leader Carrie Lam apologised to its people on Sunday as an estimated 1 million-plus black-clad protesters insisted that she resign over her handling of a bill that would allow citizens to be sent to mainland China for trial. Organisers said almost 2 million turned out on Sunday to demand that chief executive Lam step down in what is becoming the most significant challenge to China’s relationship with the territory since it was handed back by Britain 22 years ago.
Seven years after selling its Buffalo and Upstate New York retail franchise, HSBC Bank USA N.A. says it is "strongly considering" opening new branches in Western New York.
Moody's Investors Service ("Moody's") has today affirmed the A3 long-term issuer and deposit ratings of HSBC Bank Canada (HBC). The rating agency has also affirmed HBC's standalone baseline credit assessment (BCA) of baa3, the adjusted BCA of a3, and the local and foreign currency long- and short-term Counterparty Risk Ratings (CRR) of A2 and Prime-1, respectively.
Branch expansion is high on the agenda at HSBC, with plans to open up to 50 branches nationally over the next few years.
The Swiss bank and its chief economist, Paul Donovan, had previously apologized for the comment, saying it was “innocently intended.” Donovan, in a discussion of the rise in Chinese consumer prices that was mainly due to sick pigs, had asked whether that mattered. “It matters if you are a Chinese pig. It matters if you like eating pork in China,” he said in the UBS Morning Audio Comment.
By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with...
UBS Group's (UBS) joint venture with Sumitomo Mitsui Trust Holdings will enable the former to deepen ties in Japan and gain access to SMTH's affluent client base.
“We are still optimistic,” Alexandre Guiao, HSBC’s chief executive officer for Brazil, said in an interview at the bank’s Sao Paulo office. A non-compete period tied to the sale of the unit to Banco Bradesco SA ended in December, and HSBC’s strategy is to become “relevant” again in Brazil corporate and investment banking, Guiao said.
Britain's banks and building societies will have to charge the same amount for all overdrafts from April 2020, the Financial Conduct Authority (FCA) said on Friday, in a radical change that will raise questions about the future of free in-credit banking. The changes will make overdrafts simpler, fairer and easier to manage, protecting the millions of consumers who use overdrafts, particularly more vulnerable consumers, the watchdog said. "The overdraft market is dysfunctional, causing significant consumer harm," FCA Chief Executive Andrew Bailey said in a statement.
Holders of almost all of Chase's popular credit cards — including the Sapphire Preferred and Reserve — will be subject to the new agreement, unless you opt out.
HSBC has quietly launched its first digital wallet targeting start-ups and other small businesses in Hong Kong in an effort to fend off intensifying competition from Tencent and Alibaba in its most lucrative market.
Huatai Securities Co Ltd effectively launched the long-awaited London-Shanghai stock connect on Tuesday with the announcement of plans to raise more than $500 million on the London Stock Exchange (LSE). Under the Connect, Shanghai-listed companies can raise fresh funds via London's stock market while British companies can broaden their investor base by selling existing shares in Shanghai. The launch comes as both China and Britain are entangled in geopolitical uncertainty related to the Sino-U.S. trade war and Brexit respectively.
A prediction: by the end of the next decade, HSBC will no longer be headquartered in the UK. Several executives, past and present, have said they still expected the bank to move back to the place where The Hong Kong and Shanghai Bank was founded in 1865. To be clear, the bank says “there are no discussions to review HSBC’s global headquarters and no plans to reopen the issue”.
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
The London-based company has hired a veteran TD Bank executive to lead a team focused on lending to businesses with up to $5 million in annual revenue.