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Home > Company Index > Banking > Banking - Northeast > HSBC USA Inc.

HSBC USA Inc.
 NEWS FROM THE STANDARD
Egg Hatches Microsoft Alliance
Jul 19 2001 05:56 AM PDT

 PROFILE
HSBC USA, formerly HSBC Americas, is a subsidiary of HSBC Holdings, the British banking behemoth. HSBC USA operates HSBC Bank USA (formerly Marine Midland, and which consumed Republic New York), with more than 420 offices in New York, as well as branches in California, Pennsylvania, and Florida. The bank offers personal, commercial, and mortgage banking services. Its loan portfolio is dominated by commercial loans and residential mortgages. HSBC's retail segment offers investment products, including mutual funds and insurance. The bank also offers factoring services. Asia's sagging financial fortunes have made HSBC USA a more important component of HSBC Holdings' operations.

 COMPETITION
Charter One Financial, Inc. (CF)
J.P. Morgan Chase & Co. (JPM)
M&T Bank Corporation (MTB)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 6,150.00
1-Yr. Sales Growth: 120.9%
Employees: 14,200
Revenue per employee: $433,098.59

 KEY PEOPLE
• Youssef A. Nasr
    CEO
• Robert M. Butcher
    CFO

 CONTACT INFO
452 5th Ave.
New York, NY 10018
US
Phone: 212-525-6100
Fax: 212-658-5973
Online: Web Site

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