Company Overview of HSBC Bank USA, N.A.
HSBC Bank USA, N.A. provides retail banking, wealth management, commercial banking, private banking, asset management, and global banking products and services to individuals, corporations, institutions, and government agencies. It offers personal financial services, including installment and revolving term loans, deposits, branch services, mutual funds, investments, and insurance, as well as residential mortgage lending services through direct retail and wholesale origination channels. The company also provides private banking services for high net worth individuals and families, including deposits, tailored credit and banking, investment management, trust and estate administration, custody...
1800 Tysons Boulevard
Mclean, VA 22101
Founded in 1850
Key Executives for HSBC Bank USA, N.A.
Chief Executive Officer and President
Chief Financial Officer and Senior Executive Vice President
Chief Executive Officer of HSBC North America
Chief Executive Officer of HSBC Securities
Executive Vice President and Regional President of Upstate Retail Banking
Compensation as of Fiscal Year 2015.
HSBC Bank USA, N.A. Key Developments
HSBC Bank USA, N.A Announces the Launch of its Proprietary US Direct Custody and Clearing Offering
Dec 8 15
HSBC Bank USA, N. A announced the launch of its proprietary US Direct Custody and Clearing offering, a significant addition to HSBC's Direct Custody network. The US Direct Custody and Clearings service offers reduced counterparty and operating risk, a more consistent and seamless service, improved funding transparency and HSBC's balance sheet strength.
US Judge Denies HSBC Bank USA NA's Bid to Dismiss NCUA Lawsuit
Jul 23 15
U.S. District Judge Shira Scheindlin on July 20 denied HSBC Holdings Plc unit HSBC Bank USA NA's appeal to dismiss a lawsuit alleging that the bank's failure as trustee for $2.37 billion of RMBS contributed to the collapse of five federal credit unions in the U.S. Scheindlin ruled that the National Credit Union Administration has standing to sue, despite the fact that much of the debt has been resecuritized and the new trustee refused to sue HSBC on the NCUA's behalf. The lawsuit is part of the NCUA's efforts to recover investment losses that brought about the collapse of the U.S. Central, Western Corporate, Constitution Corporate, Members United Corporate and Southwest Corporate credit unions in 2009 and 2010. Scheindlin also blocked HSBC's attempt to have the lawsuit, filed in March, thrown out on timeliness grounds.
HSBC Bank USA, N.A. Appoints Pablo Sanchez Head of Retail Banking and Wealth Management
Jun 23 15
HSBC Bank USA, N.A. has appointed Pablo Sanchez Head of Retail Banking and Wealth Management, effective June 1, 2015. In this New York City based role, Sanchez leads the U.S. Retail Banking and Wealth Management business, including Mortgage and Insurance, with oversight responsibility for the same business in Canada. Sanchez joins HSBC from JPMorgan Chase, where he held a number of retail banking leadership roles since 2006, including most recently as National Director, Consumer Banking. Before that he held executive positions at Home Loan Direct and in lending, mortgage, and retail operations at CitiMortgage- a subsidiary of Citigroup. Sanchez succeeds Kevin Newman, who will be retiring following an accomplished international HSBC career spanning 25 years.
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