Lines of Business
HSBC Bank USA, N.A. serves customers in the following areas:
Retail Banking and Wealth Management provides a broad range of financial products and services including loans, deposits, branch services and financial planning products and services. Residential Mortgage loans are available through HSBC Bank USA, N.A., a subsidiary of the bank. HSBC Direct, the bank’s on-line banking business, offers higher-yield savings, payment accounts and CDs. HSBC Premier is the bank’s global personal banking service for mass affluent and internationally mobile consumers, providing clients with seamless international banking capabilities.
Commercial Banking offers comprehensive domestic and international services and banking, insurance and investment products to companies, government entities and non-profit organizations. In addition to deposits and lending, services include payments and cash management, merchant services, trade and supply chain, corporate finance, global markets and risk advisory. HSBC also distributes professional insurance and provides a personal banking program for company employees. Clients are served by a dedicated relationship manager in continuous collaboration with HSBC’s network of financial specialists worldwide with access to a seven-day-a-week dedicated business service line.
Global Banking and Markets is an emerging markets-led and financing-focused business that provides tailored financial solutions to major government, corporate and institutional clients worldwide. HSBC Global Banking and Markets has offices in more than 60 countries and territories. Managed as a global business, Global Banking and Markets offers clients geographic reach and deep local knowledge. HSBC Global Banking and Markets in the United States offers a full range of tailored financial products and services through HSBC Bank USA, N.A. and HSBC Securities (USA) Inc.
Private Banking offers a wide range of wealth management and specialist advisory services for high net worth individuals and families with local and international needs, including banking, liquidity management, investment services, custody services, tailored lending, wealth planning, trust and fiduciary services, insurance, family wealth and philanthropic advisory services. In addition, HSBC Private Bank professionals are able to leverage HSBC's global capabilities, resources and expertise—including capital markets, commercial real estate and middle market lending—on behalf of clients to deliver services and solutions for all aspects of their wealth management needs.
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 financial services and wealth management, commercial banking, global banking and markets, and consumer finance segments. The bank, with its head office located in Vancouver, has more than 290 offices including over140 bank branches across the country.
HSBC Finance Corporation, through its subsidiaries, provides credit cards and private label credit cards, taxpayer financial services and specialty insurance products as well as servicing of real estate secured and unsecured loans.
The following are the primary businesses that make up HSBC Finance Corporation:
Consumer and Mortgage Lending services residential real estate secured and unsecured loans.
Card and Retail Services is the fifth largest provider of MasterCard and Visa credit cards in the United States. In addition, Card and Retail Services is the third largest issuer of private label (merchant branded) credit cards in the U.S. and also offers co-brand and debit cards. The business has private label card relations with nearly 40 of the world's premier retailers and manufacturers such as Best Buy, Costco, Saks, Furniture Row and Yamaha.
HSBC Insurance offers or distributes credit life, disability, unemployment, accidental death, term life, whole life, annuities, long-term care and a variety of other specialty insurance products to customers in the U.S. and Canada.
Taxpayer Financial Services is a U.S. provider of tax-related financial products offered to consumers through professional tax preparer locations.