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HSBC North America has begun a program to help companies participate in the U.S. export boom.
July 15 -
HSBC USA (HSBC) in McLean, Va., has hired a longtime Citigroup (NYSE:C) executive, William Brown, to lead its U.S. branch network.
November 25 - WIB PH
Irene Dorner, our No. 1 Most Powerful Woman in Banking in 2012, has seen her stock rise internally at HSBC, having been appointed in February as a group managing director of HSBC Holdings and as a member of the HSBC Group Management Board.
September 18 - WIB PH
A commercial banker with deep experience covering the apparel, jewelry and retail sectors, Diane D'Erasmo took on a new role at HSBC last October, overseeing the flow of foreign business into the company's U.S. subsidiary.
September 18
HSBC North America is doubling its international loan program with an eye on emerging international markets.
HSBC's banking unit announced Tuesday that it is expanding its international loan program to $2 billion after reaching its initial goal of $1 billion within the first six months of
"The program has really struck a chord. We've seen interest from a wide variety of U.S. companies and industries that are eager to seize the opportunity to tap fast growing markets around the world to grow and compete," HSBC Regional Head of Commercial Banking Steve Bottomley said in a press release.
According to its most recent trade report, HSBC says its predicts growth from emerging markets, citing Brazil and India as future top-five buyers of U.S. products, along with Canada, China and Mexico.
"Research shows there is a consistent and positive link between small and medium size companies' capital investments and innovation and export success," HSBC Executive Vice President and Head of U.S. Business Banking Mark Luppi said in the release.
The international loan program is available to any business with between $3 million and $500 million in annual revenue that is interested in cross-border trading or global expansion. The program runs through December 2014.
