HSBC brand page August 2018 | finder.com

HSBC bank

HSBC offers a wide range of financial products to more than 60 countries.

Selecting a financial institution to entrust your hard-earned money with is easier said than done. It’s difficult to know where to begin, considering the sheer volume of banks and the seemingly endless number of products, accounts and services offered.

See if this bank has the options you’re looking for.

HSBC bank logo Finder.com

What is HSBC?

HSBC Bank USA, founded in 1850 as Marine Midland Bank, is now a subsidiary of the UK-based HSBC. Marine Midland was purchased by The Hongkong and Shanghai Banking Corporation in 1980, then rebranded in 1998 as HSBC Bank.

Today, the company has over 3,900 offices in 67 countries, and serves 38 million customers through its four global channels of retail banking, commercial banking, global banking markets and global private banking.

In the US, HSBC has over 230 branch locations and is headquartered in New York City.

What is HSBC known for?

HSBC is one of the world’s largest financial services organizations, but only serves US customers who live in California, Connecticut, Delaware, Washington D.C., Florida, Maryland, New Jersey, New York, Pennsylvania, Virginia and Washington.

HSBC is known for its hefty range of personal banking and finance products, including: checking accounts, savings accounts, CDs, credit cards, lines of credit and home loans.

What products does HSBC offer?

Banking

HSBC offers a wide selection of traditional banking services.

Loans and credit

Purchase a new home, take out a personal line of credit or refinance your home with HSBC’s array of loan options.

  • Home refinancing
  • Personal lines of credit

Insurance

Safeguard your future with HSBC’s life insurance or long-term care insurance options.

  • Life insurance
  • Long-term care insurance

Investing and retirement

Grow your money with clever investments using HSBC’s investment solutions.

  • IRAs
  • Annuities
  • Mutual funds
  • Investment services
  • Investing for education

Wealth management

Contact an HSBC investment advisor for expert guidance on your investment decisions.

Business services

Grow your business and manage your working capital with HSBC’s business banking options.

  • SBA loans
  • Merchant services
  • Insurance
  • Payroll services

Commercial services

  • Global banking
  • Global liquidity and cash management
  • Global trade and receivables finance
  • Trade insurance
  • Employee benefits
  • Corporate wealth management

HSBC in the news

Accused of manipulating foreign exchange markets

In a recent string of misconduct allegations, HSBC now faces a court order from a British judge to hand over records requested by UK-based currency investment company, ECU Group.

ECU suspects HSBC traders of “front running” — a form of manipulating the forex market using advanced knowledge of pending orders from bank clients or brokerage firms.

This isn’t the first time the bank has been charged with such allegations. In 2016, two of HSBC’s top forex traders were accused of “front running” client trades.

The case is yet to be settled, so if you plan on investing in the forex market using HSBC, make sure you follow up on the developments of these allegations as they unfold.

Bottom line: Can you trust HSBC?

Despite accusations of trading misconduct, HSBC has a wealth of financial products and services for personal, business and investment purposes. HSBC’s international status and long history allow it to provide the resources and amenities of a well-established financial institution.

Common questions about HSBC

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