How does HSBC compare to U.S. banks like Chase or Bank of America?

Unlike JPMorgan Chase or Bank of America, HSBC’s U.S. operations are smaller and more specialized. HSBC does not compete directly in mass-market consumer banking anymore. Instead, it focuses on:

• High-net-worth individuals (HSBC Premier / Private Banking).
• International clients who need cross-border accounts.
• Global corporations that need trade finance and treasury solutions.