HSBC North America Holdings Inc. CCAR 2014 Result

  HSBC North America Holdings Inc. CCAR 2014 Result

Business Wire

NEW YORK -- March 26, 2014

The Board of Governors of the Federal Reserve System (Federal Reserve)
informed HSBC North America Holdings Inc. (HSBC North America), the indirect
parent company of HSBC USA Inc. (HSBC USA) and HSBC Finance Corporation, that
it did not object to HSBC North America's capital actions, including payment
of dividends on outstanding preferred stock of HSBC North America and its

The Federal Reserve informed HSBC North America that it objects to its capital
plan submitted for the 2014 Comprehensive Capital Analysis and Review (CCAR)
due to weaknesses in its capital planning processes. HSBC North America will
be required to resubmit its capital plan incorporating enhancements to its

In the Federal Reserve's Dodd-Frank Act Stress Test results issued on March
24, 2014, HSBC North America had the strongest minimum total capital ratio,
after the impact of the supervisory severely adverse scenario, compared to its
peer CCAR firms, an indication of the capital and financial strength of HSBC
North America.

The Dodd-Frank Act Stress Test results are based solely on hypothetical
adverse scenarios and should not be viewed or interpreted as forecasts of
expected outcomes or capital adequacy or of the actual financial condition of
HSBC North America. Capital planning and stress testing for HSBC North America
may impact HSBC USA’s future capital and liquidity.

The Federal Reserve does not permit bank holding companies to disclose
confidential supervisory information including the reason for an objection to
a capital plan submitted for CCAR.

Notes to editors:

HSBC North America Holdings Inc. is the holding company for HSBC Holdings
plc's operations in the United States and, at 30 September 2013, had assets of
US $309.3bn (US GAAP). The company’s businesses serve customers in the
following key areas: retail banking and wealth management, commercial banking,
private banking, and global banking and markets.

HSBC USA Inc. and its subsidiaries including HSBC Bank USA, N.A.
(collectively, HUSI) offer a full range of traditional banking products and
services to individuals, including high net worth individuals, small
businesses, corporations, institutions and governments.

HSBC Finance Corporation, through its subsidiaries, owns and services a
portfolio of residential real estate loans. HSBC Finance is a subsidiary of
HSBC North America Holdings Inc.


Media inquiries:
HSBC North America Holdings Inc.
Rob Sherman,+1 212-525-6905
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