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Covid-19: HSBC Bermuda To Donate $180,000

Covid-19: HSBC Bermuda To Donate $180,000

HSBC Bermuda will be donating a total of $180,000 to support those impacted by Covid-19. A spokesperson said, “The bank is adopting a broad based, community support approach in recognition of the increasing pressures currently facing the charitable sector, as they work to assist a number of local residents negatively impacted by the global pandemic. “$140,000... Read more of this article

Butterfield, HSBC & Clarien Bank Advisories

Butterfield, HSBC & Clarien Bank Advisories

Butterfield Banking Centres, HSBC Bermuda, and Clarien all issued advisories following the ‘Shelter In Place’ order. Butterfield Statement In compliance with a directive from the Government of Bermuda, Butterfield will close all Banking Centres in Bermuda [Reid Street, Rosebank, St. George, and Somerset] until further notice, effective... Read more of this article

HSBC Harbourview Branch Reduces Hours

HSBC Harbourview Branch Reduces Hours

Due to the Covid-19 pandemic, HSBC Bermuda will be reducing the business hours at their Harbourview Branch. A spokesperson said, “In response to the evolving Covid-19 pandemic, HSBC Bermuda has announced that effective March 24th the Harbourview Branch hours will be 9:00am to 1:00 pm until further notice. “All services provided at the Harbourview... Read more of this article

Temporary Closure Of HSBC Church Street

Temporary Closure Of HSBC Church Street

HSBC Church Street Branch will “temporarily close end of day March 20th” and the HSBC Harbourview branch will continue to be open, however they “will be restricting branch traffic, which will include limiting the number of people on the branch floor at any one time.” A statement from the bank said, “In an effort to centralize... Read more of this article

HSBC Bermuda Offer ‘Debt Relief Measures’

HSBC Bermuda Offer ‘Debt Relief Measures’

Customers can apply for interest-only payments and/or deferred payments for up to 3 months for loans and mortgages, customers may apply for a moratorium for their credit cards & Personal Line of Credit payments for up to 3 months, and credit card over limit and late fees will be waived for a 3 month period, HSBC Bermuda said today. A spokesperson... Read more of this article

HSBC Lowers Lending Rates Amid Covid-19

HSBC Lowers Lending Rates Amid Covid-19

HSBC Bermuda today announced that it is “seeking to proactively support customers facing challenges due to the global COVID-19 pandemic.” “Effective 01 May 2020, HSBC Bermuda will reduce its Base Lending Rate for retail customers by 0.25% [from 3.75% to 3.5%] and, given the challenges faced by small businesses in particular, will reduce... Read more of this article

HSBC Bermuda Launches ‘Fairer Tales’ Book

HSBC Bermuda Launches ‘Fairer Tales’ Book

HSBC has partnered with British children’s author, Emma Dodd,to launch a book entitled “Fairer Tales” which aims to “dismantle some of the more stereotypically held gender beliefs and educate children aged 5-7, about the importance of cultivating financial independence in women.” A spokesperson said, “HSBC Bermuda has... Read more of this article

HSBC Bermuda Year End Financial Results

HSBC Bermuda Year End Financial Results

“HSBC Bermuda’s total operating income before expected credit losses remained flat compared to 2018 at US$281 million, with decreases in net interest income offset by higher net fee income, dealing profits, and gains on financial investments”, according to the HSBC Bermuda Year End 2019 Financial Results report. “The charge for the... Read more of this article

HSBC & TEDS Annual Feeding Programme

HSBC & TEDS Annual Feeding Programme

In partnership with The Eliza DoLittle Society [TEDS], an estimated 400 staff members of HSBC Bermuda are getting set to volunteer to help cook hot meals at St. John’s Church Hall and distribute grocery hampers to members of the community.A spokesperson said, “In partnership with The Eliza DoLittle Society, HSBC Bermuda’s workforce strive... Read more of this article

HSBC Announces Resignation & Appointment

HSBC Announces Resignation & Appointment

In a filing with the Bermuda Stock Exchange, HSBC announced the resignation and appointment of directors. The filing stated: HSBC Managed Portfolios Limited HSBC Corporate Money Funds Limited HSBC Specialist Funds Limited [each a “Company”] Director Resignation and Appointment The Board of Directors of each Company wish to announce the resignation... Read more of this article

HSBC To Cut Around 35,000 Jobs Worldwide

HSBC To Cut Around 35,000 Jobs Worldwide

According to multiple international reports, HSBC said that it would cut around 35,000 jobs worldwide, in what they called the ”deepest restructuring and simplification programs in the bank’s history.” We asked HSBC Bermuda if this will affect the island, and an HSBC Bermuda spokesperson told Bernews, “There is no geographical... Read more of this article

Apply For HSBC Summer Student Employment

Apply For HSBC Summer Student Employment

HSBC Bank Bermuda is accepting applications for the 2020 Summer Student Trainee programme. A spokesperson said, “The HSBC student programme provides opportunities for students to get extensive exposure to the financial services industry. “Students receive hands on experience with the Bank’s products and services, gain a greater understanding... Read more of this article

HSBC’s Credit Card Alerts Offer Fraud Protection

HSBC’s Credit Card Alerts Offer Fraud Protection

HSBC is introducing credit card alerts to assist in protecting customers against fraud. A spokesperson said, “With over $5 billion in card related fraud losses being reported globally in 2019, every card holder should be aware of the importance of keeping their card data safe. “One of HSBC’s top priorities is to find ways to mitigate this... Read more of this article