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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...

The global economy is undergoing a seismic shift which will lead to the emerging markets collectively becoming larger than today’s developed economies during the next 35 years. That is one of the conclusions of a report by HSBC Global Research, entit...

A British resident of Bermuda and long-time customer of HSBC Bermuda was told by a bank employee that if she could not produce evidence of her ties to the Island, her account could be frozen. The 39-year-old woman, who had gone into the bank to close...

Ratings agency Standard & Poor’s may lower HSBC Bank Bermuda’s A/A1 credit ratings by as much as two notches, after it put the bank on “CreditWatch Negative”. In a report published this week, S&P’s analysts cite concerns over the bank’s loan deterior...

HSBC Bermuda CEO Richard Moseley says his bank is flush with capital and keen to lend — but it has tightened lending standards in recent years to avoid making the same mistakes the industry made in the pre-crisis period. In his Budget statement last ...

HSBC Bermuda is seeing a growing number of clients who have signed their paperwork and are ready to borrow, but are waiting before they buy a property. The revelation came during an interview with the bank’s top executives after they released their f...

HSBC Bermuda’s net profit more than doubled to $45 million in 2013, as the company cut expenses and withstood significant allowances for bad loans. The bank, part of the HSBC global empire, revealed its Bermuda unit’s results today and stressed that ...

HSBC has slapped a new redemption fee of up to three percent on one of its money funds. But HSBC said the charge would only apply in “exceptional circumstances” to avoid to a run on the funds in a financial crisis. But one customer, who asked not to ...

Global banking giant HSBC is to sell off its $1.2 billion banking operation in Jordan. HSBC Bank Middle East has struck a deal to sell its business in the Middle East state to the Arab Jordan Investment Bank. The Jordanian business was made up of fou...