HSBC North America Holdings Inc. is one of the top ten financial services
organizations in the United States with assets totaling more than $300 billion. HSBC -
North America is the holding company for all of HSBC’s U.S. and Canadian
businesses, including the former Household International Inc. businesses. The
company’s businesses serve more than 60 million customers in five key areas:
personal financial services, consumer finance, commercial banking, private banking,
and corporate investment banking and markets. Financial products and services are
offered under the HSBC, HFC and Beneficial brands.
HSBC Bank USA, National Association offers its customers access to global markets
and services, through a full range of commercial banking products and services to
individuals, corporations, institutions and governments. It is also an international
dealer in derivative instruments and has mortgage banking and brokerage operations.
The bank has nearly 400 branches in New York State as well as a network of
branches in Florida and California and one branch each in Delaware, Pennsylvania,
Washington, Oregon, and Washington, D.C.
HSBC Bank USA serves customers in the following areas:
Personal Financial Services (segment) provides a broad range of financial
products and services including installment and revolving term loans, deposits,
branch services, mutual funds, investments and insurance. Residential
Mortgage Lending provides loan financing through direct retail and wholesale
origination channels.
Private Banking offers a full range of services for high-net-worth individuals and
families including deposits, tailored credit and banking, investment
management, trust and estate administration, custody and retirement services.
In addition, Private Bank professionals are able to leverage HSBC's vast global
capabilities, resources and expertise on behalf of clients, capabilities ranging
from wealth and tax advisory, philanthropy, and family office advisory, to
structured products, real estate and middle market lending.
Commercial Banking provides loan and deposit products to small and middlemarket
corporations including specialized products such as real estate
financing. Consumer Banking also offers various credit and trade related
products, including standby facilities, performance guarantees and acceptance.
Corporate, Investment Banking and Markets provides tailored financial products
and services to the world's central banks, international and local corporations,
institutional investors, financial institutions and other market participants. It
includes four main business lines: corporate and institutional banking,
investment banking, markets and transaction banking. The Bank’s affiliate,
HSBC Securities (USA) Inc., serves as a primary dealer in U.S. government
and federal agency securities.
HSBC Bank Canada is the seventh-largest bank and a leading international financial
institution in Canada. The Bank provides a broad spectrum of products and services
through its personal and commercial financial services segments. The bank, with its
corporate office located in Vancouver, has more than 170 offices including
approximately 130 branches in every region of the country.
HSBC Finance Corporation was formed as the legal entity that had been known as
Household International, Inc. HSBC Finance Corporation’s subsidiaries primarily provide
middle-market consumers real estate secured loans, auto finance loans, MasterCard® and
Visa® credit cards, private label credit cards, personal non-credit card loans, tax refund
anticipation loans and specialty insurance products. The following is a list of primary
businesses that make up HSBC Finance Corporation:
HSBC’s Consumer Lending business operates in the United States under the
HFC and Beneficial names. It is the nation’s second largest consumer finance
company, with more than 1,300 branches in 46 states, and it provides a variety
of real estate secured and unsecured loans to primarily non-prime customers.
HSBC Mortgage Services purchases and services non-conforming residential
real estate secured loans from a network of more than 200 correspondents.
Decision One Mortgage Company directly originates real estate secured loans
that are sourced through mortgage brokers.
HSBC Card Services is the sixth-largest issuer of MasterCard or Visa credit
cards in the United States. Its principal programs include The GM Card(SM), the
AFL-CIO Union Plus® card, and HSBC-branded cards. Under the HSBC Bank
Nevada, N.A., and Orchard Bank brands, the business also offers credit cards to
consumers underserved by traditional providers in the United States.
HSBC Retail Services is the third-largest issuer of private label (merchant
branded) credit cards in the United States. It provides flexible, customized credit
card solutions for the world’s premier retailers and manufacturers. Retail
services has more than 70 active merchant relationships, including Best Buy, Costco,
Neiman Marcus and Saks Fifth Avenue.
HSBC Auto Finance is a leading provider of financing for new and used vehicles
and has products that serve the full spectrum of credit consumers. The company
purchases consumer contracts from thousands of active dealers in 46 states.
Additionally, it originates or refinances auto loans through direct solicitations, the
Internet and alliances, and services auto loans for select HFC and Beneficial
branches.
HSBC Insurance Services offers credit life, disability and unemployment,
accidental death and disability, term life, whole life, annuities, disability, long
term care and a variety of other specialty insurance products to customers in the
United States and Canada.
HSBC Taxpayer Financial Services is the leading U.S. provider of tax-related
financial products offered to consumers through nearly 25,000 professional tax
preparer locations and tax preparation software providers. Serving more than
8.2 million customers annually, the business leverages the annual U.S. income
tax filing process to provide products that offer consumers quick and convenient
access to funds in the amount of their anticipated tax refund.
HSBC Financial Corporation offers secured and unsecured lines of credit,
closed-end loans, real estate loans and insurance products to Canadian
consumers. It markets its products primarily through 115 branches in 10
provinces and more than 80 merchant relationships.
In the United Kingdom, HFC Bank is a mid-market consumer lender and a major
provider of consumer loans and credit cards. Its branch network consists of 195
Household Bank and Beneficial Finance branches.
Siddharth N. (Bobby) Mehta is chief executive officer.
HSBC North America Holdings Inc. is headquartered in Prospect Heights, Ill.
Group Public Affairs: Prospect Heights, (Ill.), 847-564-7369; New York, 212-525 3800; Buffalo, (NY),
716-841-5003; Vancouver (BC) 604-641-2973; Toronto, 416-868-3878
Web site: www.hsbcusa.com
HSBC Holdings plc (NYSE: HBC), headquartered in London, is one of the world’s largest banking and
financial services organizations, with 9,800 offices in 77 countries and territories. HSBC’s ordinary
shares are traded on the London, Hong Kong, Paris and Bermuda stock exchanges and are traded in
New York in the form of American Depository Shares, each of which represents five ordinary HSBC
shares. Shares in HSBC Holdings plc are held by around 200,000 shareholders in some 100 countries
and territories.