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HSBC Bermuda chief executive officer Richard Moseley says the bank welcomes competition after Finance Minister Bob Richards said he was looking at ways to “restructure the banking sector”. For a second successive year in the national Budget statement...

Many homeowners continue to struggle to make payments on their mortgages as Bermuda grinds through what has been described as its deepest credit crisis in at least half a century. Financial results released by HSBC Bank Bermuda Ltd yesterday revealed...

HSBC Bank Bermuda Ltd posted net profit of $48 million in 2014, up $3 million from 2013, the bank said today. Revenue also climbed to $261 million, an increase of $19 million, or 8 per cent from the previous year. Net profit from operations in Bermud...

Bermuda residents are being urged to consider how they will fund their retirement as new data shows increasing strain on people’s retirement finances around the world. The long-term impact of the global economic downturn that hit in 2008 caused milli...

More than $609 million in Bermuda-linked money was found in leaked documents about HSBC’s controversial Swiss private bank. One Bermuda client alone had $234.9 million stashed in Switzerland — one among around 65 clients connected to Bermuda and 183 ...

A HSBC customer believes he has been the victim of a bank machine skimming attack after members of the public suffered a string of attacks earlier in the year. The customer said that he went to the ATM at Harrington Hundreds to withdraw money he had ...

HSBC is issuing new credit and debit cards to those who were affected by credit-card “skimming” this year, but denied rumours that there had been a second incident. Police announced in September that they were investigating an incident of skimming af...

A top bank economist has predicted the US Federal Reserve will jack up interest rates next June. HSBC’s Ryan Wang said the likely move signalled recovery in the American economy — and a divergence of policy from Europe and Japan. New York-based Mr Wa...

Banking giant HSBC yesterday celebrated ten years in Bermuda with a massive $500,000 donation to education. HSBC donated $250,000 to the Reading Clinic and a further $250,000 to charity Knowledge Quest, which helps students struggling to pay for thei...

HSBC employees spent the afternoon handing out Cup Match flags to drivers along Front Street,in celebration of the island’s most anticipated cricket match, followed by a motorcade of motorcyclists and cars. (Photo by Nicola Muirhead)

An increase in some HSBC Bermuda credit card transaction fees has left some bank customers complaining about the added cost of purchasing goods overseas. One upset customer said: “Starting July 1 2014, HSBC has a new fee for international transaction...

Confidence is growing that an economic recovery is under way in Bermuda, according to a long-standing quarterly survey. The Bermuda Omnibus Survey reveals that more than half of people — for the first time since well before the Island’s five-year rec...