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HSBC Bermuda is seeing a growing number of clients who have signed their paperwork and are ready to borrow, but are waiting before they buy a property. The revelation came during an interview with the bank’s top executives after they released their f...

HSBC Bermuda’s net profit more than doubled to $45 million in 2013, as the company cut expenses and withstood significant allowances for bad loans. The bank, part of the HSBC global empire, revealed its Bermuda unit’s results today and stressed that ...

HSBC has slapped a new redemption fee of up to three percent on one of its money funds. But HSBC said the charge would only apply in “exceptional circumstances” to avoid to a run on the funds in a financial crisis. But one customer, who asked not to ...

Global banking giant HSBC is to sell off its $1.2 billion banking operation in Jordan. HSBC Bank Middle East has struck a deal to sell its business in the Middle East state to the Arab Jordan Investment Bank. The Jordanian business was made up of fou...

HSBC yesterday took the wraps off its award-winning green Harbourview Centre. The bank — which last week celebrated becoming the first Bermuda firm to earn a prestige gold environmental award for an entire building from a US-based organisation — show...

HSBC Bermuda is offering home buyers a break that will hopefully help boost the local property market. The bank has introduced new five-year fixed-rate mortgages of 6.10%, 6.15% and 6.25%. But the lowest 6.10% rate is for customers who maintain at le...

HSBC Bermuda and Butterfield Bank responded yesterday to a ratings cut by Standard & Poor’s, which was concerned about high unemployment, a prolonged real estate downturn and thousands of expatriates leaving the Island. However, Butterfield said in a...

HSBC has become the first bank in Bermuda to launch mobile banking. HSBC says its new app allows its customers to view their account balances, transfer funds, pay bills and view special HSBC offers when they are travelling. Customers can download th...

A Bermuda-incorporated global company is helping HSBC and other banks to satisfy so-called know-your-client requirements amid a crackdown by regulators on money laundering. Markit Group and Hamilton, Bermuda-based Genpact say they are developing the ...