Attached files

file filename
EX-99.1 - HSBC USA INC /MD/hsbc-usa8kex991_0326.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (date of earliest event reported): March 26, 2014 (March 26, 2014)

 

 

HSBC USA INC.

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

 

 

     
Maryland 1-7436 13-2764867

(State or other jurisdiction

of incorporation )

(Commission

File Number)

(I.R.S. Employer

Identification No.)

452 Fifth Avenue

New York, New York, 10018

(Address of Principal Executive Offices, Including Zip Code)

(212) 525-5000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 
 

Item 8.01 Other Events.

On March 26, 2014, HSBC North America Holdings Inc. (“HSBC North America”), the indirect parent company of HSBC USA Inc., announced that the Board of Governors of the Federal Reserve System had informed HSBC North America, that it did not object to HSBC North America’s capital actions but, that it did object to its capital plan submitted for the 2014 Comprehensive Capital Analysis and Review due to weaknesses in its capital planning processes. HSBC North America will be required to resubmit its capital plan incorporating enhancements to its processes.

A copy of HSBC North America’s press release is attached as exhibit 99.1.

 

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

   

Exhibit No.

 

Description of Exhibit

 
   
99.1   Press Release dated March 26, 2014
   
   
     
 
 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

   

 

 

HSBC USA Inc.

   

 

 

 
    By:  /s/ Steven G. Ekert
     
 
    Name: Steven G. Ekert
    Title:

Senior Executive Vice President, Chief Risk Officer

 

Date: March 26, 2014    

 

 
 

Index to Exhibits

     
 

Exhibit No.

 

Description of Exhibit

 
 
     
  99.1 Press Release dated March 26, 2014