Australia markets close in 4 hours 58 minutes
  • ALL ORDS

    7,440.10
    -47.60 (-0.64%)
     
  • ASX 200

    7,244.00
    -47.30 (-0.65%)
     
  • AUD/USD

    0.6702
    +0.0006 (+0.10%)
     
  • OIL

    74.52
    +0.27 (+0.36%)
     
  • GOLD

    1,782.40
    0.00 (0.00%)
     
  • BTC-AUD

    25,501.72
    -33.88 (-0.13%)
     
  • CMC Crypto 200

    400.49
    -1.32 (-0.33%)
     
  • AUD/EUR

    0.6400
    +0.0019 (+0.29%)
     
  • AUD/NZD

    1.0599
    +0.0016 (+0.16%)
     
  • NZX 50

    11,611.67
    -19.93 (-0.17%)
     
  • NASDAQ

    11,549.69
    -237.11 (-2.01%)
     
  • FTSE

    7,521.39
    -46.15 (-0.61%)
     
  • Dow Jones

    33,596.34
    -350.76 (-1.03%)
     
  • DAX

    14,343.19
    -104.42 (-0.72%)
     
  • Hang Seng

    19,441.18
    -77.11 (-0.40%)
     
  • NIKKEI 225

    27,885.87
    0.00 (0.00%)
     

HSBC Bank USA, N.A. and Affiliates Raise Prime and Reference Rate

NEW YORK, September 21, 2022--(BUSINESS WIRE)--HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 6.25% from 5.50%, 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 US$2,985bn at 30 June 2022, HSBC is one of the world’s largest banking and financial services organisations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220921006003/en/

Contacts

Media enquiries to:

Jack Mullin
External Communications
Jack.f.mullin@us.hsbc.com