As its name implies, HSBC North America Holdings contains the U.S. and Canadian businesses of London-based HSBC (the name's an acronym of its predecessor, the Hongkong and Shanghai Banking Corporation, which remains part of HSBC's global business and the largest bank in Hong Kong).

With $2.9 trillion in 2020 assets, the North American group includes HSBC USA, HSBC Canada and the HSBC Finance Corporation, which provides retail banking, credit cards, lending, insurance and other consumer services. In the U.S., HSBC's business lines are commercial banking, personal financial services, private banking and global banking and markets. The vast majority of its 460-plus branches are in New York state, but others can be found in Connecticut, New Jersey, Maryland, Delaware, Illinois, Oregon, Washington State, California, Florida, Virginia and Washington, D.C.