June 18, 2018 11:04 PM 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 deposits, residential mortgages, home equity lines of credit, and credit cards; advisory, brokerage, and wealth management services; and lending and wealth products through direct channels, including the contact center, Internet banking, and mobile. The company’s Commercial Banking segment provides liquidity and cash management, global trade and receivables finance, lending and transaction management, investment banking, and global market services through commercial centers and retail b...

452 Fifth Avenue

New York, NY 10018

United States

Founded in 1850

4,784 Employees

Phone:

212-525-5000

Key Executives for HSBC USA Inc.

Chairman, President & CEO
Age: 55
Senior EVP & CFO
Age: 49
Senior EVP & COO
Age: 53
Group CEO-Hsbc Holdings Plc & Executive Director-The Hongkong & Shanghai Banking Corporation LTD
Age: 58
Senior EVP, Chief Risk Officer & Director
Age: 56
Compensation as of Fiscal Year 2017.

HSBC USA Inc. Key Developments

HSBC USA Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended of March 31, 2018

HSBC USA Inc. reported unaudited consolidated earnings results for the first quarter ended of March 31, 2018. For the quarter, the company reported total interest income of $1,074 million compared to $1,015 million a year ago. Net interest income was $552 million compared to $597 million a year ago. Net interest income after provision for credit losses was $623 million compared to $674 million a year ago. Loss before income tax was $146 million compared to income of $448 million a year ago. Net loss was $238 million compared to profit of $296 million a year ago. Net cash used in operating activities was $18,296 million compared to $6,033 million a year ago.

HSBC USA Inc. Seeks Acquisition

HSBC USA Inc.is seeking acquisitions. It will use the net proceeds from the initial sales of the securities for general corporate purposes, which may include investments in and extensions of credit to the subsidiaries, including the principal subsidiary, HSBC Bank; financing future acquisitions of financial institutions, as well as banking and other assets; and the redemption of certain outstanding securities. Pending such use, the net proceeds may be invested temporarily in short-term obligations.

HSBC USA Inc. Reports Audited Consolidated Earnings Results for the Year Ended of December 31, 2017

HSBC USA Inc. reported audited consolidated earnings results for the year ended of December 31, 2017. For the year, the company reported total interest income of $4,123 million compared to $3,910 million a year ago. Net interest income was $2,273 million compared to $2,484 million a year ago. Net interest income after provision for credit losses was $2,438 million compared to $2,112 million a year ago. Income before income tax was $1,049 million compared to $218 million a year ago. Net loss was $179 million compared to income of $129 million a year ago. Net cash provided by operating activities was $113 million compared to net cash used in operating activities of $3 million a year ago. Net cash used for acquisitions of properties and equipment was $36 million compared to $32 million a year ago. Loss on average total assets was 0.1% compared to return on average total assets of 0.1% a year ago. Loss on average total risk-weighted assets was 0.1% compared to return on average total risk-weighted assets of 0.1% a year ago. Loss on average total common equity was 1.3% compared to return on average total common equity of 0.3% a year ago. Loss on average total equity was 0.9% compared to return on average total equity of 0.6% a year ago.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
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