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The bank also announced that they were closing 114 branches in the United Kingdom. The move came as more people were using online banking since the pandemic, reducing the need for physical branches. The move has been criticized by Unite. As interest rates increased globally in May 2023, HSBC Holdings reported a 212% increase in quarterly profit.
HSBC. Website. www .us .hsbc .com. HSBC Bank USA, National Association, an American subsidiary of the British banking group HSBC, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia (as designated on its charter).
First Direct (styled first direct) is a telephone and internet based retail bank division of HSBC UK Bank plc based in the United Kingdom. First Direct has headquarters in Leeds, England, and has 1.45 million customers.
HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is a wholly owned subsidiary of the global HSBC banking and financial group, which has been headquartered in London since 1993. The UK headquarters of HSBC is located at One Centenary Square in Birmingham.
Banking. Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app.
HSBC has been operating in Lebanon since 1946. It maintained a network of four offices in St. Georges Bay, Dora, Achrafieh and Ras Beirut which is supported by telephone and internet banking services. On 16 November 2016, HSBC announced the sale of its Corporate, Retail Banking and Wealth Management business to BLOM Bank.
Financial services. Number of employees. 58,000 (including HSBC Bank USA, HSBC Bank Canada and CIBM) Parent. HSBC. Website. www.hsbc.com. HSBC Finance Corporation is a financial services company and a subsidiary of HSBC Holdings. It is the sixth-largest issuer of MasterCard and Visa credit cards in the United States.
In November 2022, HSBC announced the exit of the Canadian market. Royal Bank of Canada (RBC) will acquire 100% of the common shares of HSBC Canada for an all-cash purchase price of $13.5 billion, which is a multiple of 9.4 times HSBC Canada's estimated 2024 earnings.
The largest bank in Hong Kong, HSBC operates branches and offices throughout the Indo-Pacific region and in other countries around the world. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar .
HSBC Bank Bermuda Limited, previously the Bank of Bermuda Limited, is a financial services company in Bermuda providing retail and corporate banking, investment, custody and fund administration services to international and local clients.