HSBC Related Content

HSBC Appoints Fullam CFO for the US and Americas

HSBC appointed Andrew Fullam CFO for the U.S. and Americas. In this role, Fullam will be responsible for the region’s financial operations, including accounting, regulatory reporting, stress testing and capital management. read more

First Citizens Claims HSBC’s Silicon Valley Bank Staffing Additions ‘Violated Federal Law’

Reuters reported that First Citizens Bank filed a lawsuit against HSBC after it hired “dozens” of former Silicon Valley Bank employees in April. According to Reuters, First Citizens is alleging that HSBC “violated federal law by hiring away the workers.” read more

HSBC Adds ‘Dozens’ of Former Silicon Valley Bank Employees to US Division

According to Reuters, David Sabow, the former head of technology and healthcare in North America for Silicon Valley Bank, is leading a team of “dozens” of former Silicon Valley Bank employees in joining HSBC’s U.S. division. read more

HSBC Agrees to Sell Banking Business in Canada to Royal Bank of Canada for $10.1B

HSBC Holdings’ wholly-owned subsidiary, HSBC Overseas Holdings (UK) Limited, entered into an agreement to sell its banking business in Canada (HSBC Canada) to Royal Bank of Canada (RBC) for a base cash consideration of C$13.5 billion ($10.1 billion). read more

HSBC Appoints Richards Global Head of Sustainable Finance

HSBC Global Commercial Banking appointed Martin Richards global head of sustainable finance and client infrastructure for commercial banking. In this role, he will focus on delivering sustainable finance solutions that support the full ecosystem surrounding HSBC’s clients’ transition ambitions. read more

HSBC Introduces Green Deposit Program for Commercial Clients

HSBC introduced a new green deposit program in the United States, giving businesses an option to put cash reserves to work to support decarbonization and a more sustainable future. read more

HSBC, RBS to Launch New App-Based Platforms

According to Reuters, HSBC and RBS plan to launch new app-based, digital banking platforms in the coming months. read more

Reuters: HSBC to Cut Up to 10,000 Jobs

According to Reuters, HSBC plans to cut up to 10,000 jobs or 4% of its workforce in an effort to reduce costs. read more

Roberts Succeeds Burke as President/CEO of HSBC USA

HSBC has appointed Michael Roberts to succeed Patrick Burke as president and CEO of HSBC USA. read more

HSBC, ING Execute L/C Via Blockchain for Cargill

HSBC and ING Bank successfully executed a live trade finance transaction for international food and agriculture conglomerate Cargill using R3’s Corda scalable blockchain platform. read more

HSBC, UBS Settle U.S. Rate Rigging Litigation

Reuters reported that HSBC Holdings and UBS Group have each agreed to pay $14 million to settle private U.S. litigation accusing them of rigging an interest rate bench mark. read more

Element Issues $1.2B of Rated ABS Term Notes Through Chesapeake II

Element Fleet Management closed the issuance of $1.2 billion rated term notes through Chesapeake Funding II. read more

AerCap Closes $0.7 Billion New Credit Facility

AerCap Holdings completed the closing of a new $0.7 billion secured credit facility. read more

WSJ: Big Banks Lose Nearly Half a Trillion Dollars in 2016

The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet. read more

Credit Agricole, Others Provide Hapaq-Lloyd $372MM Vessel Financing

Hapaq-Lloyd and a banking syndicate, led by Credit Agricole, DNB, HSBC and UniCredit, signed a $372 million facility agreement to finance five new vessels. read more

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