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HSBC Harbourview Centre Open On Monday

HSBC Harbourview Centre Open On Monday

[Updated - Issues resolved!] HSBC Bank Bermuda advised that “due to a technical issue with the air conditioning system in the Harbourview Centre, the building will be closed on Monday, August 26.” A spokesperson said, “To ensure the safety and welfare of our employees, customers and the general public, we advise the following:“The... Read more of this article

HSBC Bank Harbourview Centre Building Works

HSBC Bank Harbourview Centre Building Works

HSBC Bank Bermuda announced today that it will undertake building works on the Reid Street side of the Harbourview Centre commencing today, with the Bank saying that it is estimated to be completed within one month. “To enable the work to be completed in the most expeditious manner, the bank will be closing the Reid Street entrance during this... Read more of this article

HSBC Raising Various Fees Effective July 1st

HSBC Raising Various Fees Effective July 1st

HSBC Bank Bermuda is advising that effective on Monday, July 1st they will be making various fee adjustments. In an email sent to customers, the Bank said, “At HSBC, we recognize the importance of keeping you informed when it comes to your banking; notifying you about upcoming fee changes is an important part of this. “Please be advised that... Read more of this article

HSBC Plan Changes To Online Banking Platform

HSBC Plan Changes To Online Banking Platform

HSBC Bank Bermuda plan to make changes to their online banking for personal banking customers, saying that they will first implement changes to the internet banking platform, which will have a “fresh new look and feel.”In an email sent to customers, the bank said, “Over the coming weeks we are making some exciting changes to HSBC... Read more of this article

HSBC Increases Its Retail Base Lending Rate

HSBC Increases Its Retail Base Lending Rate

HSBC Bank Bermuda Limited announced today [May 1] that it will increase its base lending rate by 0.25%, effective 1 July 2019. “This will be the bank’s first base lending increase since 2010,” the bank said. “The base rate for Bermuda dollar residential mortgages and consumer loans will increase by 0.25% to 3.75%. The base rate... Read more of this article

‘She Leads’ Programme Accepting Applications

‘She Leads’ Programme Accepting Applications

BHS and HSBC Bank Bermuda announced that applications are now being accepted for the “She Leads: A Real World Readiness Programme” for young women who have just completed their penultimate year of high school at CedarBridge Academy, The Berkeley Institute or BHS. “This week-long programme is an action packed experience that will run for a... Read more of this article

Launch Of ‘She Leads’ For High School Students

Launch Of ‘She Leads’ For High School Students

Coinciding with International Women’s Day, BHS and HSBC Bermuda announced the launch of “She Leads: A Real World Readiness Programme” for young women who have just completed their penultimate year of high school. “This ground-breaking public/private partnership will be offered to 15 BHS students and 15 students from The Berkeley Institute... Read more of this article

HSBC Bermuda Year End 2018 Financial Results

HSBC Bermuda Year End 2018 Financial Results

“HSBC Bermuda’s total operating income before expected credit losses remained flat compared to 2018 at US$280 million, with increases in net interest income and fee income offset by lower investment portfolio gains”, according to the HSBC Bermuda Year End 2018 Financial Results report. “The change in expected credit losses for 2018... Read more of this article

HSBC Staff Assist With Eliza DoLittle Society

HSBC Staff Assist With Eliza DoLittle Society

In partnership with The Eliza DoLittle Society [TEDS], HSBC Bermuda’s workforce strive to address the issue of food insecurity in Bermuda. “Since the programme’s inception in 2016, HSBC employees have helped to distribute over 16,000 meals to the community and volunteered an estimated 2,000 hours in support of this initiative,” a spokesperson... Read more of this article

HSBC Donate $10,000 To Salvation Army

HSBC Donate $10,000 To Salvation Army

This week, HSBC Bermuda had the opportunity to once again say “thank you” to The Salvation Army for the continued positive impact they make in our community, by way of the Bank’s annual donation. Presenting the award to Major Sandra Stokes of The Salvation Army was HSBC’s Chairman Tony Joaquin, and CEO, Steve Banner, who shared, “At this... Read more of this article

‘Discussed Ways To Lower Cost Of Mortgages’

‘Discussed Ways To Lower Cost Of Mortgages’

Premier David Burt and newly sworn in Minister of Finance Curtis Dickinson met with HSBC’s outgoing and newly appointed CEOs, Steve Banner and Mark Watkinson, to discuss “ways to lower the cost of mortgages” and “strategies to increase lending to small businesses.” Premier Burt tweeted the photos below, saying: “Min.... Read more of this article

Steve Banner Appointed CEO Of HSBC Bermuda

Steve Banner Appointed CEO Of HSBC Bermuda

HSBC announced that Steve Banner will be appointed as the new CEO of HSBC Bank Bermuda, subject to regulatory approvals. This appointment will be effective as of November 12, 2018. He will succeed Mark Watkinson, who will be retiring from the HSBC Group after a 33-year career in which he held a number of senior management positions across 10 countries. Chris... Read more of this article

HSBC Launches New US Treasury Fund

HSBC Launches New US Treasury Fund

HSBC Global Asset Management [Bermuda] Limited — as manager of HSBC Corporate Money Funds Limited [HCMF] — announced the launch of its first offshore US Treasury Fund domiciled in Bermuda. “Leveraging the global reach of HSBC, the US Treasury Fund will offer additional scale to investors by investing directly into a master HSBC Global... Read more of this article