Regulatory Alerts2026-06-18 | Corporate Decision 1379Added
Final Approval to Establish HSBC Bank plc US Branch in New York
HSBC Bank plc is authorized to establish a federal branch named HSBC Bank plc US Branch at 66 Hudson Boulevard, New York, effective July 1, 2026. The branch must maintain a capital equivalency deposit in an unaffiliated U.S. member bank and comply with specific conditions including providing information to the OCC, consenting to U.S. jurisdiction, and obtaining prior written notice for significant operational changes during its first three years. The branch must open within eighteen months of the preliminary approval dated November 26, 2025, or the approval is withdrawn, and must maintain adequate fidelity insurance and board-approved policies before commencing business.