HSBC to Hire 50 Bankers to Serve Startups Via Venture Lending
CCiti(C) Zacks Investment Research·2024-03-13 01:20

HSBC Holdings PLC (HSBC) intends to hire roughly 50 bankers for its U.S. commercial bank to cater to the lending requirements of startup companies, particularly those operating in the technology and healthcare sectors. This was disclosed by Wyatt Crowell, head of U.S. commercial banking at HSBC, in an interview with Reuters.Since startup companies generally find it difficult to finance their operations from major lenders until they become established, HSBC expects to bridge the gap through an expansion in i ...