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HSBC Bermuda has decided to leave its lending rates unchanged in the wake of the US Federal Reserve’s rate hike yesterday. The bank’s announcement means that monthly repayments and terms for variable-rate loans and mortgages will not change for HSBC ...

HSBC Bermuda is to invest $3 million in two of its Hamilton city offices. The bank plans to focus its customer services business in the Harbourfront Centre on Front Street, while most operations will be concentrated in the Compass Point building on B...

HSBC has been named the “World’s Best Investment Bank” in Euromoney magazine’s Awards for Excellence 2016. The bank also won the “World’s Best Bank for Corporates” awards, along with six regional prizes. The Euromoney awards, now in their 25th year, ...

HSBC Bermuda is backing green energy with a new loans scheme. The bank said that its new Green Loan scheme was a simple and affordable way for customers to invest in solar energy and energy-saving products. The deal offers 100 per cent financing, HSB...

Monitors of HSBC’s anti-money laundering and sanctions evasions found “widespread compliance failings” at the bank’s Bermuda operation, The Wall Street Journal reported yesterday. The newspaper said that “people familiar with the situation” said that...

Bermuda’s banks are upgrading their debit and credit cards in line with changing security standards elsewhere in the world. So-called “chip-and-pin” cards are on the way for customers of HSBC Bermuda, while those who bank with either Bank of Butterfi...

Demand for residential mortgages is picking up, according to the new man at the helm of HSBC Bank Bermuda Ltd. The bank’s 2015 full-year earnings statement, released last week, appeared to indicate a fall in demand as the loan portfolio value fell 17...

HSBC Bank Bermuda Ltd said today its net profit rose to $87 million last year, boosted by sharp falls in loan impairment charges and operating expenses. The bank, which sold off much of its Cayman operations in 2014 and its private banking unit last ...

Bermudians are worried about their ability to afford retirement, an expert from HSBC said yesterday. Renee Bullock-Cann, HSBC Bermuda head of retail banking, wealth management and marketing, said that a worldwide survey by the bank registering concer...

New-style microchipped cards to provide better security are on the way for HSBC Bermuda customers. However, a date when the cards will be introduced has yet to be confirmed. The cards, commonly referred to as “chip and pin”, feature an embedded and e...

Services at HSBC and Butterfield Bank were hit by an outage problem at merchant points of sale this morning. The issue — caused by an overseas card processor — impacted credit and debit cards at multiple banks in Bermuda and internationally. Shortly ...

HSBC Bermuda chairman Philip Butterfield is to step down after 15 years with the bank. Mr Butterfield said: “It has been both an honour and a privilege to serve over the past 15 years as both CEO and subsequently chairman of the board. “My tenure at ...