Hashtag: #HSBCBank
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 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’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
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
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
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
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 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
HSBC, Coalition Team Up To Deliver Toys For Tots
HSBC Bermuda and the Coalition for the Protection of Children are joining forces for the second consecutive year to deliver the annual island-wide ‘Toys for Tots’ campaign, now in its 17th year. “Since the campaign’s inception in 2002, the generous response by the Bermudian community over the years has continued to grow, culminating in over... Read more of this article
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 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 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
