Hashtag: #HSBCBank
HSBC: Protecting Family From Inheriting Debt
[Advice column by HSBC Bermuda] Unfortunately I have accumulated a bit of debt over the years. I’m doing what I can to pay it off quickly, but as I get older I’m more worried that my debt will eventually be passed on to my children. Is there a way that I can protect them from this? Insurance is one of the most comprehensive and common ways to guarantee... Read more of this article
HSBC: Budgeting To Keep Track Of Your Money
[Advice column by HSBC Bermuda] I set a budget for myself every month, but I struggle to keep track of my spending. By the end of the month I don’t know where I spent all of my money. What can I do to better discipline myself? Managing your accounts The first step to tracking your cash is making sure you have access to your accounts. The easiest way... Read more of this article
Video: HSBC Introduce Global Water Programme
HSBC has launched their global Water Programme, a five year, $100 million partnership with Earthwatch, WaterAid and the World Wildlife Fund, three non-Governmental global organisations that rank amongst the world’s most respected environmental and sustainable development organisations. These partnerships provide the necessary scale to deliver... Read more of this article
HSBC: Saving Money To Become A Homeowner
[Advice column by HSBC Bermuda] I want to buy a home sooner rather than later. How should I go about saving for the down payment? Also, are there other expenses I need to consider? The key to building your savings is to start saving as much as you can as soon as possible. The more you save now, the more you will benefit when you’re ready to buy a... Read more of this article
HSBC Bermuda Release 2014 Year End Results
HSBC Bermuda recently announced their 2014 year end results, with CEO Richard Moseley noting that “customer preferences are changing and our personal mobile banking application launched in 2013 has grown significantly in popularity as we made additional improvements to internet banking convenience and security features as well as increased our... Read more of this article
Argentina Asks Bermuda For Tax Information
Argentina has sent requests for information to tax authorities in the Virgin Islands, Uruguay and Bermuda, according to a Reuters report. This comes as Argentina wants HSBC Holdings Plc to repatriate some $3.5 billion that it says the bank’s Argentine branch moved offshore to help clients evade taxes and move capital abroad, the country’s... Read more of this article
HSBC: How To Utilize The Foreign Exchange
[Advice column by HSBC Bermuda] My child is starting university soon and I’ll need to pay for his living expenses and tuition in Canadian dollars. How can I ensure that I get the best possible foreign exchange rate and what are some of the key risks I should consider? Start with the end in mind. Use today’s Bermuda dollar [BMD] to Canadian dollars... Read more of this article
HSBC: Investment Tips And Advice To Live By
[Advice column by HSBC Bermuda] I can’t afford to see a financial advisor so I have been making investing decisions on my own for about 6 years. Do you have any tips that can help me make better decisions? It is great that you have taken the initiative to develop an investment strategy on your own. However, not all financial advisors charge a fee.... Read more of this article
HSBC: Identifying & Solving Pension Gaps
[Advice column by HSBC Bermuda] Will my pension be enough to support me when I retire? A pension is designed to provide financial support in retirement, however it is possible that you may have a pension gap. This means that your pension income could be less than what you’ll need in retirement to support your desired standard of living. If this... Read more of this article
HSBC: Tips On Saving & Investing Your Money
[Advice column by HSBC Bermuda] I’ve always heard that I should invest my money instead of allowing it to sit in my savings account. However, I don’t really understand investing. What is difference between the two? When and how long should I invest for? Saving vs. Investing Your Money The challenge with savings accounts With interest rates at an... Read more of this article
HSBC Bermuda Staff Log 2500 Volunteer Hours
The Centre on Philanthropy launched the Volunteer.bm website in 2006, an online tool that local charities can use to post volunteer opportunities and members of the community can search for personal volunteer options. Through this website, companies can also sign up for the Team Tracker Programme, which allows company staff to log and track their own... Read more of this article
Bermuda Business Confidence Report Launch
Bermuda’s Total Research Associates Ltd. [TRA] and their partner, Corporate Research Associates Inc., in partnership with HSBC Bank Bermuda Limited announced the launch of the benchmark Bermuda Business Confidence Report. This is Bermuda’s first study capturing the local business community’s opinions on important factors such as current economic... Read more of this article
Greenrock & HSBC To Present Water Explorer
Environmental charity Global Action Plan [GAP] UK and HSBC in Bermuda are getting set to collaborate with Greenrock Bermuda to introduce the Water Explorer Programme to the island’s schools, an educational programme that focuses on environmental behaviour change. The program seeks to engage 9,000 students across 11 countries over a two-year period... Read more of this article
HSBC: Inoperable Terminals To Be Replaced
Following days of credit card terminal outages which have affected merchants across the island, HSBC Bermuda said that “by close of business tomorrow, all of the known inoperable terminals will have been replaced with new models.” As Bernews reported last week, the bank confirmed they were experiencing credit card terminal outages which... Read more of this article
HSBC Card Terminal Outages Affect Merchants
After reports that HSBC card terminals recently crashed, the bank confirmed they “are currently experiencing credit card terminal outages which are affecting merchants island wide.” “Our merchant services team is working diligently to address the issue and we apologize for any inconvenience this may be causing our customers,”... Read more of this article
$42,000 Raised At Charity Golf Classic
HSBC, in partnership with The Centre on Philanthropy, hosted its first annual Charity Golf Classic fundraiser in an effort to further strengthen and support the Bermuda community. The tournament was held at the Port Royal Golf Course on October 31st and hosted 21 foursomes. $1,000 was donated by each foursome to the local registered charity of their... Read more of this article
