News Release
HSBC Bank USA, N.A. And Affiliates Lower Prime and Reference Rate
30 January 2008
New York -- HSBC Bank USA, N.A. and its affiliates announced that they lowered their prime and reference rate to 6.00% from 6.50% effective today, Wednesday, January 30, 2008.
About HSBC USA:
HSBC Bank USA, N.A. and its sister bank, HSBC National Bank USA, have more than 460 bank branches throughout the United States, with about 380 in New York state; branches in California and Pennsylvania; and a growing network of branches in Connecticut, Washington, D.C., Florida, New Jersey, Maryland and Virginia. There is also a branch in each of the following states: Delaware, Illinois, Oregon and Washington State.
HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirectly-held, wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC USA Inc. is one of the nation's 10 largest bank holding companies by assets.
Media inquiries to:
Francine Minadeo
francine.v.minadeo@us.hsbc.com
