HSBC appoints Tara Latini head of wealth, personal banking

April 2, 2021

HSBC Bank USA, N.A., appointed Tara Latini as the head of wealth and personal banking in the U.S. Latini replaces Pablo Sanchez, who left the bank to pursue…

HSBC leaving US retail banking, reshuffles top jobs

February 23, 2021

HSBC has set plans in motion to leave U.S. retail banking to help the organization cut costs, boost fee income and continue its strong shift towards Asia.

Top 10 global banks lost $23B in 2020, HSBC, Citi biggest losers

February 11, 2021

Data researched by Trading Platforms U.K. indicates that the top ten international banks cumulatively lost $23.01 billion in brand value in 2020. The banks…

HSBC considering exiting from US retail banking

November 30, 2020

HSBC Holdings Plc is considering pulling out of retail banking completely in the U.S. in an effort to improve its overall performance. The bank, which has…

HSBC, Biz2Credit launch streamline banking for small businesses

November 13, 2020

HSBC Bank USA, N.A., part of HSBC Group, is working with Biz2Credit and using its Biz2X Platform to speed up the approval of small business credit applications…

HSBC to revamp business model

October 28, 2020

Hong Kong-based HSBC Holdings is launching and overhaul of its business model, seeking to change its main source of income from interest rate to fee-based…

AI-based forecasting tool reduces cash replenishment trips

September 8, 2020

HSBC is introducing its iCash AI withdrawal forecasting tool for the ATM industry.

Banks plan layoffs as costs emerge and crisis ends

August 31, 2020

During the peak of the pandemic, several top executives at U.S. banks, including Morgan Stanley and Bank of America, pledged not to cut jobs in 2020 because, …

HSBC cutting global banking jobs in France

July 7, 2020

HSBC France will be cutting 38%, or 255 of 678 jobs, within its French global banking and markets unit by end of 2021. The cuts are part of a broad strategy to…

COVID-19 pandemic caused increase in cyber fraud and changes in banking

by David Jones — Editor, Networld Media Group

As millions of Americans have shifted their daily workplace and shopping to remote online networks and mobile devices, a new wave of cyber threats has emerged…

HSBC profit falls due to COVID-19, delays restructuring

April 29, 2020

London-based HSBC is pausing global restructuring plans announced in February and said pre-tax profit fell 48%, to $3.2 billion, during the first quarter due…

Regulators, banks plan for contingencies as customers rush for cash amid COVID-19

by David Jones — Editor, Networld Media Group

March 16, 2020

Government regulators and bank officials said they were prepared for various contingencies amid reports that consumers are making large cash withdrawals due to…

HSBC to shed assets, jobs in global restructuring

by David Jones — Editor, Networld Media Group

The London-based bank will slash $100 billion in assets and 35,000 jobs worldwide, shift much of its focus to Asia and close a large number of U.S. branches…

HSBC limits access to certain Hong Kong branches, ATMs due to protests

January 7, 2020

HSBC confirmed that it has taken reduced hours at some self-service machines and branches in Hong Kong to protect facilities due to the ongoing pro-democracy…

HSBC exec: Banks are in an arms race when it comes to innovation

by Amy Castor — Editor, Networld Media Group

Banks have been in the transactional business for far too long, says Jeremy Balkin, head of Innovation at HSBC Bank USA. "We are in the financial services…

Chase, HSBC executives headlining BCX Summit

by Amy Castor — Editor, Networld Media Group

Executives from two of the country's largest banks, Chase and HSBC, will keynote the upcoming Bank Customer Experience Summit, Sept. 23-25 in Chicago.

HSBC launches wider branch rollout of Pepper the robot

March 8, 2019

HSBC Bank USA N.A. and SoftBank Robotics America, the North American arm of SoftBank Robotics Group, have announced they will begin a wider rollout of Pepper…