Our Services

HSBC USA provides tailored financial solutions to large corporate, institutional and government clients, alongside international and domestic banking services for corporate, international subsidiaries, innovation and business clients. We support individuals, families, business owners, investors and entrepreneurs around the world to manage, protect and grow their wealth. HSBC has 17 wholesale banking offices and 21 wealth centers across the U.S., including New York, Washington D.C., Miami, Los Angeles and San Francisco.

Our Headquarters

66 Hudson Boulevard
New York, NY 10001

[HQ picture: M Moser Associates and Garrett Rowland]

Our CEO

Michael Roberts
Chief Executive Officer, US and Americas

HSBC History in the USA

Our presence in the USA dates back to 1875 when HSBC opened an office in San Francisco, and five years later, an office in New York City. Both locations specialized in trade finance. In 1955, the San Francisco office was converted to The Hongkong and Shanghai Banking Corporation of California, a new subsidiary that developed a small network of branches with a continued focus on trade.

In 1980, HSBC acquired a majority stake in Marine Midland Bank, with a full takeover completed seven years later. Marine Midland Bank was renamed HSBC Bank USA in 1999. In that same year, HSBC Holdings plc made its debut on the New York Stock Exchange and completed the acquisition of Republic New York Corporation.

In 2024, HSBC moved its corporate U.S. headquarters to The Spiral in New York City, the financial capital of the world, reaffirming our commitment to our clients.


Diversity and Inclusion

Find out more about how important diversity and inclusion is to HSBC in the USA.

Community Reinvestment Act and HSBC Community Development

Learn more about how HSBC Bank USA helps local communities.


HSBC Group history timeline

1865
 
2024

Hong Kong harbour, Chinese artist, early 1860s

Staff in Fuzhou, China, 1887

Portrait of Thomas Jackson, around 1890

Chinese railway bond certificate, 1907

Staff in military uniform, First World War

Hong Kong building, 1965

Prison camp diary of HSBC staff member Max Haymes, 1943

Hong Kong garment factory, around 1950

Persian banknote, early 20th century

UK cash machine, around 1970

HSBC office, New York, 1999

HSBC lion, London, present day

< >

The Hongkong and Shanghai Banking Corporation Limited opened in Hong Kong on 3 March 1865 and in Shanghai one month later. It was the first locally owned bank to operate according to Scottish banking principles.

By 1875 HSBC was present in seven countries across Asia, Europe and North America. It financed the export of tea and silk from China, cotton and jute from India, sugar from the Philippines and rice and silk from Vietnam.

By 1900, after strong growth under Chief Manager Thomas Jackson, the bank had expanded into 16 countries and was financing trade across the world. Bullion, exchange and merchant banking were important features of the bank’s business.

In the early 20th century, HSBC widened the scope of its activities in Asia. It issued loans to national governments to finance modernisation and infrastructure projects such as railway building.

The First World War brought disruption and dislocation to many businesses. By the 1920s, however, Asia was beginning to prosper again as new industries developed and trade in commodities such as rubber and tin soared.

The 1930s brought recession and turmoil to many markets. Nonetheless, HSBC asked architects Palmer and Turner to design a new head office in Hong Kong: “Please build us the best bank in the world.” The cutting-edge art deco building opened in 1935.

The bank faced one of its most challenging times during the Second World War. Staff in Asia showed huge courage in the face of adversity. Many became prisoners of war. Only the London, Indian and US branches remained in full operation.

At the end of the war, HSBC took on a key role in the reconstruction of the Hong Kong economy. Its support helped established manufacturers as well as newcomers to Hong Kong grow their business.

By the 1970s the bank had expanded through acquisition. HSBC bought Mercantile Bank and The British Bank of the Middle East in 1959. In 1972 it formed a merchant banking arm, extending its range of services.

In the 1980s HSBC bought Marine Midland Bank in the US. In 1992, the newly created HSBC Holdings plc made a recommended offer for full ownership of the UK’s Midland Bank. Following the acquisition, HSBC moved its headquarters to London.

In 1998, the bank announced it would adopt a unified brand, using HSBC and the hexagon symbol everywhere it operated.

Our purpose – Opening up a world of opportunity – explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives, opening up a world of opportunity for our customers.

More about HSBC in the USA

HSBC USA fact sheet English PDF 62.42 KB

Lack of access to finance holding back women in business Opens in new window

17 October 2024

Businesses led by women play a vital role in the UK economy, but a lack of access to funding is a significant hurdle in their attempts to grow, innovate and create jobs, says Stephanie Betant, Head of Global Trade Solutions, HSBC UK.

Embedded finance can make us stand out from the crowd Opens in new window

21 August 2024

We’re delivering real benefits to our clients by embedding our payment capabilities in the platforms they use to run their businesses, says Manish Kohli.

Harnessing the power of AI to fight financial crime Opens in new window

10 June 2024

Artificial intelligence is helping us find and tackle financial crime faster and more thoroughly than ever before, says Jennifer Calvery.