September 28, 2016 3:05 AM ET

Banks

Company Overview of HSBC USA Inc.

Company Overview

HSBC USA Inc., together with its subsidiaries, provides consumer and commercial banking products, and related financial services in the United States. Its Retail Banking and Wealth Management segment provides deposit taking and account services; residential mortgages, home equity lines of credit, and credit cards; and advisory and wealth management services; and branch services primarily through direct channels, including the contact center, Internet banking, and mobile. The company’s Commercial Banking segment provides payments and cash management, global trade and receivables finance, credit and lending, and capital financing services through commercial centers and retail branch network, a...

452 Fifth Avenue

New York, NY 10018

United States

Founded in 1850

5,688 Employees

Phone:

212-525-5000

Key Executives for HSBC USA Inc.

Chief Executive Officer, President, Executive Director and Member of Chairman's Committee
Age: 54
Chief Financial Officer and Senior Executive Vice President
Age: 48
Group Chief Executive Officer of HSBC Holdings Plc, Executive Director of HSBC Bank Plc and Executive Director of The Hongkong & Shanghai Banking Corporation Limited
Age: 57
Chief Risk Officer, Senior Executive Vice President, Executive Director and Member of Compliance Committee
Age: 55
Head of Commercial Banking and Senior Executive Vice President
Age: 44
Compensation as of Fiscal Year 2016.

HSBC USA Inc. Key Developments

United States District Judge Allows Class Action to Go Forward against HSBC USA

United States District Judge allowed class action to go forward against HSBC USA. Attorneys Julio J. Ramos, Steven M. Nunez and the Ward Hagen LLP obtained a significant legal victory in a class action against HSBC USA. Allegedly, the defendant maintained a correspondent banking account for HSBC Hong Kong. Correspondent banking is a practice in which the U.S. bank facilitates wire transfers between foreign financial institutions and their customers, even though the U.S. bank does not have a direct relationship with the institution's customers. Allegedly, between July and December 2013, thousands of investor victims of the WCM777 fraud, wire transferred over USD 37 million to HSBC Hong Kong after several United States regulators had commenced enforcement proceedings against WCM777 accounts in the United States. Allegedly, as its correspondent bank, HSBC USA processed many of these wire transfers.

HSBC USA Inc.(NYSE:HUSI.PRFCL) dropped from S&P Preferred Stock Index

HSBC USA Inc.(NYSE:HUSI.PRFCL) dropped from S&P Preferred Stock Index

HSBC USA Inc.(NYSE:HUSI.PRFCL) dropped from S&P U.S. Floating Rate Preferred Stock Index

HSBC USA Inc.(NYSE:HUSI.PRFCL) dropped from S&P U.S. Floating Rate Preferred Stock Index

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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