Consumer finance business incurs $17 million loss
HSBC Bank Canada, its subsidiaries and affiliates have published their seventh annual Public Accountability Statement. “As part of ‘The world’s local bank’, HSBC Bank Canada takes its corporate responsibility very seriously,” says Lindsay Gordon, president and CEO of HSBC Bank Canada.“We believe in sharing our success with the communities in which we live and work. […]
Mortgage linked to savings account
HSBC Bank Canada has completed its $250 million offering of preferred shares, the bank said Wednesday.The 10 million Non-Cumulative 5-Year Rate Reset Class 1 Preferred Shares Series E were issued at a price of $25 a share. The offering was made through a syndicate of underwriters led by HSBC Securities (Canada) Inc. and Scotia Capital […]
HSBC Bank Canada intends to file an amended and restated prospectus supplement for the previously announced offering of Non-Cumulative 5-Year Rate Reset Class 1 Preferred Shares Series E, the bank said Wednesday.The amendment is a result of ratings action announced on March 31 by Standard and Poor’s on the hybrid capital securities of over 60 […]
Offering expected to close March 31
NRI program simplifies international banking
Bonus rate being offered to online account customers
Program allows cardholders to apply up to 2% of their credit card spending towards their existing HSBC mortgage
Bank takes $20 million charge on sale of car loan portfolio