HSBC Bank USA, N.A. and Affiliates Raise Prime and Reference Rate
02 November 2022 - 10:30PM
Business Wire
HSBC Bank USA, N.A., and its affiliates announced today that
they have raised their prime and reference rate to 7.00% from
6.25%, effective tomorrow.
About HSBC
HSBC USA Inc. ("HUSI") is a Maryland corporation and its
principal business is to act as a holding company for its
subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA,
N.A. and its subsidiaries, HUSI offers a full range of traditional
banking products and services to individuals, including high net
worth individuals, small businesses, corporations, institutions and
governments. HSBC USA Inc. is a wholly-owned subsidiary of HSBC
North America Holdings Inc.
HSBC Holdings plc, the parent company of HSBC, is
headquartered in London. HSBC serves customers worldwide from
offices in 63 countries and territories in its geographical
regions: Europe, Asia, North America, Latin America, and Middle
East and North Africa. With assets of $2,992bn at 30 September
2022, HSBC is one of the world’s largest banking and financial
services organisations.
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version on businesswire.com: https://www.businesswire.com/news/home/20221102006093/en/
Media enquiries to: Jack Mullin External Communications
Jack.f.mullin@us.hsbc.com
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