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HSBC Private Bank (Suisse) S.A. Jul 11
Standard & Poors, July 2011
Abstract
Coordinates the private banking operations of the HSBC group worldwide. Solid asset quality and sound capitalization. High liquidity. Significant operational risk, inherent in funds management. The ratings on HSBC Private Bank (Suisse) S.A. (the Swiss bank), which forms a major part of the consolidated private banking group, HSBC Private Banking Holdings (Suisse) S.A. (PBH; AA/Stable/A-1), reflect its ownership by HSBC Bank PLC (HSBC Bank; AA/Stable/A-1+), and its role within the broader HSBC group (HSBC Holdings PLC is rated AA-/Stable/A-1+). PBH is the holding company for the Swiss bank and coordinates much of the rest of the group's private banking operations. The ratings on the Swiss bank and PBH are equalized with those on their parent, HSBC Bank, under Standard &...
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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