HSBC Canada
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HSBC Canada, formerly known as Hong Kong Bank of Canada, is a subsidiary of the UK-based HSBC Holdings Inc. – one of the largest banking giants in the world. It is the seventh largest bank in Canada, next to the Big Six Banks. It is also the largest foreign bank in Canada. It has offices in all provinces, except Prince Edward Island. Moreover, HSBC Canada is the only foreign bank in Canada with a nationwide retail network.[br]
HSBC Canada: Operating Divisions and Services
The operating divisions of HSBC include HSBC Investments, HSBC Trust Company, HSBC Capital, HSBC Insurance and HSBC Securities. HSBC Canada’s range of personal financial services includes deposit services, private lending, personal lending, telephone banking, self-directed investing, full-service investing, trust services and insurance sales. Hong Kong and Shanghai Banking Corporation Canada also offers a full range of consumer finance services, including private-label credit cards, consumer loans, mortgages, credit insurance and auto finance.
HSBC Canada also offers reasonable interest rates with its savings accounts. There are several types of savings accounts to suit various customer requirements. Its checking accounts aimed at small- and medium-scale businesses are quite popular in Canada. Hong Kong and Shanghai Banking Corporation Canada’s InvestDirect program offers tools that help individuals reach his or her investment goals through a global reach. This program offers convenient and quick access to the major financial markets of the world, anytime, anywhere.[br]
HSBC Canada – Corporate Social Responsibility
HSBC Canada is showing significant concerns for the environment by trying to reduce its ecological footprint. The company has been offering millions of dollars to charities that are offering clean air initiatives. It is trying to reduce the use of paper in its offices and has a carbon neutral policy.
HSBC Canada got BBB (Better Business Bureau) accreditation in 1990. The accreditation shows that the company is meeting BBC standards that include a commitment to resolve any consumer complaints with good faith. It is the only foreign bank with strong retail presence and high density of ABMs (Automated Banking Machines) in Canada. Hong Kong and Shanghai Banking Corporation Canada, “The World’s Local Bank.”has been expanding its operations in Canada aggressively.
