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Some fund administration and custody service provision will cease at HSBC Bermuda, it was confirmed this morning. An HSBC Bermuda spokesperson stated: “Following a strategic review of the HSBC Securities Services business in Bermuda and after careful...

James B Comey, Jr, an independent non-executive director of HSBC Holdings Plc will resign from the HSBC board effective September 4, following his confirmation by the US Senate as the next director of the Federal Bureau of Investigation. Mr Comey was...

July 26, 2013 Dear Sir, This letter is directed at HSBC. OMG, how can an organisation the size of HSBC create such an absurd security device supposedly designed to ‘assist’ its customers by providing heightened protection from fraudulent activity. Al...

HSBC Holdings has named Simon Cooper as the new head of its commercial banking arm. Mr Cooper, 45, has been CEO of HSBC Middle East and North Africa for the past four years and will replace Alan Keir, who will become chief executive of HSBC Bank Plc,...

HSBC says it plans to turn its back on tax havens, according to articles in the British media. But HSBC Bermuda said yesterday it remains committed to its business on the Island. According to the London Times, the chairman of HSBC, parent of HSBC Ber...

HSBC says it plans to turn its back on tax havens, according to articles in British media. According to the London Times, the chairman of HSBC, parent of HSBC Bermuda, has pledged to cut the global bank’s business with tax havens around the world. “F...

HSBC Bermuda doesn’t rule out the possibility of more redundancies in Bermuda after the company said it plans to cut thousands of jobs worldwide in the next few years. After two years of cost cuts and asset sales, London-headquartered HSBC said yest...