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HSBC Private Bank (Suisse) S.A. Apr 07
Standard & Poors, April 2007
Abstract
Governs the private banking business for the HSBC group worldwide Solid asset quality and strong capitalization High liquidity Transaction-oriented, conservative customer base Significant operational risk inherent in funds management The ratings on HSBC Private Bank (Suisse) S.A. (the Swiss bank) reflect the qualities of the consolidated private banking group of which it forms a major part. These qualities are a strong and developing franchise, solid asset quality, and strong capitalization. The ratings also reflect its ownership by HSBC Bank PLC (HSBC Bank; AA/Positive/A-1+), and its role within the broader HSBC group (HSBC; AA-/Positive/A-1+). These factors also determine the rating on HSBC Private Banking Holdings (Suisse) S.A. (PBH; AA/Positive/A-1+), which is the holding company for the Swiss bank and much of...
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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