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HSBC Confirm “Roles Will Be Made Redundant”

HSBC Confirm “Roles Will Be Made Redundant”

[Updated] HSBC Bermuda confirmed this afternoon [Nov 28] that “some existing roles will be made redundant” to “accommodate the new structure.” The company did not confirm exactly how many people will be laid off, and unofficial reports range quite a bit. HSBC did note that new part time roles will be created, as well as four... Read more of this article

HSBC Debit Cardholders Travel Voucher Draw

HSBC Debit Cardholders Travel Voucher Draw

All HSBC Visa Debit Cardholders have a chance to win travel vouchers every time they buy Bermuda from now until January 1, 2014. Every HSBC Visa Debit Card transaction for local purchases will earn an entry to a lucky draw. HSBC is holding a weekly draw for a $500 travel voucher and the grand prize is a $5,000 travel voucher. A spokesperson said, “What’s... Read more of this article

Video: S&P On Lowering Bermuda Bank Ratings

Video: S&P On Lowering Bermuda Bank Ratings

In a CreditMatters video, Standard & Poor’s Director Robert Hansen explains what prompted the ratings agency to revise their banking industry country risk assessment on Bermuda. Topics include the economy, unemployment, the real estate market, nonperforming loans, and the potential credit rating implications on specific banks. Last week... Read more of this article

S&P Lowers Ratings: Butterfield, HSBC Bermuda

S&P Lowers Ratings: Butterfield, HSBC Bermuda

[Updated] Citing a “persistent weakness in the economy,” Standard & Poor’s today [Sept 26] lowered the long-term issuer credit ratings on HSBC Bermuda and Bank of Butterfield, and said the outlooks on both banks is negative. S&P said, “These actions primarily result from our view that economic risks for Bermudian banks have... Read more of this article

HSBC Bermuda Launch Mobile Banking App

HSBC Bermuda Launch Mobile Banking App

HSBC Bermuda has launched a mobile banking app, which allows HSBC customers to view local account balances, transfer funds between their accounts, pay bills and more. HSBC Bermuda Head of Retail Banking Wealth Management, Blake Hellam said, “Our customers in Bermuda lead very busy lifestyles managing work, family and social commitments. The mobile... Read more of this article

Meals On Wheels & HSBC Staff Work Together

Meals On Wheels & HSBC Staff Work Together

70 HSBC staff volunteered a combined total of 228 hours to the Meals on Wheels organisation over a two week duration. HSBC colleagues readily rolled up their sleeves in an effort to assist the organisation with its preparation and delivery of lunch time meals to members of our community. Daily duties undertaken by HSBC staff volunteers comprised of... Read more of this article

HSBC And BEDC Host Financial Health Seminar

HSBC And BEDC Host Financial Health Seminar

On Wednesday, 14 August, HSBC Bermuda Limited and the Bermuda Economic Development Corporation [BEDC] co-organised a two-hour business seminar on the theme of “Managing the Financial Health of your Business”. Trina Roberts, Head of Business Banking at HSBC opened the seminar by noting that HSBC and BEDC have run a series of seminars in 2013 on the... Read more of this article

“Role Reductions” At HSBC Bermuda Office

“Role Reductions” At HSBC Bermuda Office

[Updated] HSBC Bermuda today [Aug 7] confirmed there will be “role reductions” in the Bermuda office following a decision to move certain fund administration and custody services to their offices in Europe. An HSBC Bermuda spokesperson stated: “Following a strategic review of the HSBC Securities Services business [HSS] in Bermuda and after... Read more of this article

HSBC & Caron Extends Partnership For 3 Years

HSBC & Caron Extends Partnership For 3 Years

Long term solutions to drug and alcohol use amongst our youth formed the basis of the alliance between HSBC and Caron Bermuda., which has been extended for an additional three years. Responding to the critical issue of substance abuse and community calls for action, HSBC committed support to Caron Bermuda for adolescent and family out patient programmes... Read more of this article

HSBC/David Bascome Soccer Clinic Graduates

HSBC/David Bascome Soccer Clinic Graduates

On Friday [July 12] ten participants successfully completed the HSBC Pro Soccer School of Excellence which this year included work experience and project work. David Bascome, Pro Soccer and School of Excellence Founder developed a programme to help empower participants to avoid and overcome social obstacles. This year’s HSBC School of Excellence graduates... Read more of this article

HSBC To Host Free Seminars For Home Buyers

HSBC To Host Free Seminars For Home Buyers

All interested home buyers are invited to a series of free seminars designed to update members of the public on ‘good deals’ in the real estate market, types of financing and legal services available and what to expect from planning for to securing a new home. Presentations will be held on 20 & 27 June from 5:30 – 8:00 p.m. at the HSBC Harbourview... Read more of this article

Report: ‘HSBC Will Turn Back On Tax Havens’

Report: ‘HSBC Will Turn Back On Tax Havens’

[Updated - HSBC Bermuda said they are "committed to our business in Bermuda."] The chairman of HSBC — the parent company of HSBC Bermuda — has “pledged to cut the bank’s business with tax havens around the world,” according to a report by The Times entitled “We will turn our backs on tax havens, says HSBC.” “Facing... Read more of this article

BEDC And HSBC Host Interactive Seminar

BEDC And HSBC Host Interactive Seminar

On Wednesday, 8th May 2013, the Bermuda Economic Development Corporation [BEDC] and HSBC hosted an informative and interactive seminar entitled “Planning for Change – Part 2 – Knowing your market, managing your resources.” Photo: [L-R] Shaun Roberts, HSBC Human Resources; Nicole Warren, General Manager Brown & Co.; Lester Nelson, HSBC Relationship... Read more of this article

HSBC Introduce New Security For Online Banking

HSBC Introduce New Security For Online Banking

HSBC Bermuda is introducing a new security device to give Personal Internet Banking customers an extra layer of protection from fraudsters. The security device creates a unique security code every time the customer logs in to Personal Internet Banking. If you received a letter from HSBC Bermuda notifying you that a security device is coming, you will... Read more of this article

HSBC Pro Soccer Clinic Registration Kicks Off

HSBC Pro Soccer Clinic Registration Kicks Off

Bermudian Professional Major Indoor Soccer League coach, David Bascome, launches his 21st annual HSBC Pro Soccer Clinic to be held from 1– 5 July 2013 at the BAA field. This popular clinic is open to male and female players 4 – 16 years of age. The programme focuses on providing players with the opportunity to build on their soccer skills and learn... Read more of this article

HSBC Economist Ryan Wang To Speak At AGM

HSBC Economist Ryan Wang To Speak At AGM

The Bermuda Chamber of Commerce announced this year’s Annual General Meeting keynote speaker, Ryan Wang, HSBC US Economist. Mr Wang is in Bermuda to attend the Luncheon to be held at the Fairmont Hamilton Princess, Gazebo Lounge on 22 April 2013 from 12:30 p.m. to 2 p.m. Mr Wang is going to sharehis knowledge based on economic research in a presentation... Read more of this article