Podcasts about HSBC Bank USA

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Best podcasts about HSBC Bank USA

Latest podcast episodes about HSBC Bank USA

featured Wiki of the Day
Williamsburgh Savings Bank Tower

featured Wiki of the Day

Play Episode Listen Later Feb 5, 2024 2:57


fWotD Episode 2467: Williamsburgh Savings Bank Tower Welcome to featured Wiki of the Day where we read the summary of the featured Wikipedia article every day.The featured article for Monday, 5 February 2024 is Williamsburgh Savings Bank Tower.The Williamsburgh Savings Bank Tower, also known as One Hanson Place, is a skyscraper in the Fort Greene neighborhood of Brooklyn in New York City. Located at the northeast corner of Ashland Place and Hanson Place near Downtown Brooklyn, the tower was designed by Halsey, McCormack & Helmer and constructed from 1927 to 1929 as the new headquarters for the Williamsburgh Savings Bank. At 41 stories and 512 feet (156 m) tall, the Williamsburgh Savings Bank Tower was the tallest building in Brooklyn until 2009.The Williamsburgh Savings Bank was originally headquartered in Williamsburg, Brooklyn; its officers decided to construct a new skyscraper headquarters near Downtown Brooklyn in the mid-1920s. The bank occupied the lowest floors when the building opened on April 1, 1929, while the remaining stories were rented as offices. By the late 20th century, dentists' offices occupied much of the structure. The New York City Landmarks Preservation Commission designated the tower's exterior as a city landmark in 1977 and designated some of the interior spaces in 1996. Through several mergers, the Williamsburgh Savings Bank became part of HSBC Bank USA, which sold the building in 2004. The building's upper stories were converted to luxury condominium apartments from 2005 to 2007, while the banking hall became an event space.The building's main entrance is through a large arch on Hanson Place. At ground level, the tower is clad with limestone above a granite dado. Above the sixth story, the building is faced in brick with terracotta decoration, and a series of setbacks taper to a clock tower and a domed roof. Inside is an entrance vestibule and lobby with ornately decorated marble and metalwork. The 63-foot-high (19 m) banking room includes a nave, aisles, and a chancel—spaces similar to those found in a church. A basement lobby leads to Atlantic Terminal and the Atlantic Avenue–Barclays Center station, while a mezzanine-level ladies' lounge overlooks the banking room. When the Williamsburgh Savings Bank Tower was completed, there was commentary about both the building's architecture and its symbolism as Brooklyn's tallest building. Over the years, local residents have used the building both as a clock and as a landmark for giving out directions, and the tower has been used as a filming location.This recording reflects the Wikipedia text as of 01:15 UTC on Monday, 5 February 2024.For the full current version of the article, see Williamsburgh Savings Bank Tower on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm Matthew Standard.

ESG Talk
Spotlight on Sustainability's ROI

ESG Talk

Play Episode Listen Later Dec 29, 2023 41:03


This ESG Talk mini-series highlights two episodes featuring Tensie Whelan, director of the NYU Stern Center for Sustainable Business. Part one introduces CSB's innovative Return on Sustainability Investment—or ROSI—model. In part two, Tensie and Mandi McReynolds are joined by Kelly Fisher, head of corporate sustainability at HSBC Bank USA, and share stories of companies driving financial performance with ESG. 

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ESG Talk
The ROI of Sustainability, Part II

ESG Talk

Play Episode Listen Later Apr 28, 2023 26:01


Tensie Whelan, director of the NYU Stern Center for Sustainable Business, returns to ESG Talk. Tensie is joined by Kelly Fisher, head of corporate sustainability at HSBC Bank USA, alongside Workiva's Mandi McReynolds. The group shares case studies showcasing how companies are driving financial performance with sustainable investments and urges business leaders to reconsider how they measure ESG's ROI.  

The Food Institute Podcast
A Global Perspective on Inflation and Food Trends

The Food Institute Podcast

Play Episode Listen Later Mar 23, 2022 27:01


This Episode is Sponsored By: HSBC Bank USA, National Association Everyone can benefit from a global perspective on food trends. John Church, co-head of HSBC Bank's food and beverage unit, joins The Food Institute Podcast to discuss everything from wheat markets to foodservice drive-thrus to health and wellness. Church, tapping into his wealth of knowledge from the farm gate to the dinner plate, also examines the global implications of inflation. More About John Church: Mr. Church has been in the banking industry for approximately 35 years. In 2018, he joined HSBC Bank as the Co-Head of Food & Beverage banking practice in the United States and was later appointed Head of Food & Beverage in 2020. Prior to joining HSBC, Mr. Church spent 14 years with Rabobank International where he managed the Chicago office and was the North America Sector Head for Farm Inputs. In addition to managing the Chicago office of Rabobank, Mr. Church was actively engaged in the management of middle market and large cap client relationships in the food, agriculture and beverage industries at ABN Amro Bank and NatWest Markets PLC. Mr. Church was raised on a family farm in central Illinois where he remains engaged in its 6,500 acre row crop enterprise. Mr. Church graduated from Illinois State University with a Bachelor of Science degree in Agribusiness. Mr. Church holds a General Securities Registered Representative license (Series 7) and a Uniform Securities Agent license (Series 63). Thanks to Our Sponsor: HSBC Bank USA, National Association HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through wealth, personal banking, commercial banking, private banking, and global banking and markets segments. As of the close of business on December 31, 2021 it operated bank branches in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. In the United States, deposit products are offered by HSBC Bank USA, N.A., Member FDIC, investment and brokerage services are provided through HSBC Securities (USA) Inc., (Member NYSE/FINRA/SIPC) and insurance products are provided through HSBC Insurance Agency (USA) Inc. For more information, please visit, http://www.business.us.hsbc.com.

HSBC Global Viewpoint: Banking and Markets
Recovery across the Americas – trade, supply chains and new opportunities

HSBC Global Viewpoint: Banking and Markets

Play Episode Listen Later Jul 19, 2021 26:12


After a period of intense disruption, businesses are looking at new opportunities to grow and trade and supply chains are at the core of their plans. In this podcast, Todd Sheppelman, President and CEO of ABC Technologies, one of the world's leading automotive and component manufacturers and Priyamvada Singh, Head of Product and Proposition, Global Trade and Receivables Finance, North America for HSBC Bank USA, discuss how businesses have responded to this disruption. They review the short-term reactions as well as how businesses are adapting their supply chain strategies for the longer-term. With material availability, trade congestion and its impact on costs and working capital highlighting the fragility of global supply chains, our speakers examine new trends – from onshoring to ESG – and how these will play out as businesses pursue greater flexibility, transparency and resilience in the supply chains of the future. This conversation was recorded on June 9th 2021.Visit our website to discover more expert opinions and customers' stories in the USA and Canada Hosted on Acast. See acast.com/privacy for more information.

HSBC Talks Business
Recovery across the Americas – trade, supply chains and new opportunities

HSBC Talks Business

Play Episode Listen Later Jul 18, 2021 26:03


After a period of intense disruption, businesses are looking at new opportunities to grow and trade and supply chains are at the core of their plans. In this podcast, Todd Sheppelman, President and CEO of ABC Technologies, one of the world's leading automotive and component manufacturers and Priyamvada Singh, Head of Product and Proposition, Global Trade and Receivables Finance, North America for HSBC Bank USA, discuss how businesses have responded to this disruption. They review the short-term reactions as well as how businesses are adapting their supply chain strategies for the longer-term. With material availability, trade congestion and its impact on costs and working capital highlighting the fragility of global supply chains, our speakers examine new trends – from onshoring to ESG – and how these will play out as businesses pursue greater flexibility, transparency and resilience in the supply chains of the future. This conversation was recorded on June 9th 2021.Visit our website to discover more expert opinions and customers' stories in the USA and Canada Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

Oral Arguments for the Court of Appeals for the Ninth Circuit
HSBC Bank USA, N.A. v. Suzannah R. Noonan IRA, LLC

Oral Arguments for the Court of Appeals for the Ninth Circuit

Play Episode Listen Later Mar 12, 2021 26:34


HSBC Bank USA, N.A. v. Suzannah R. Noonan IRA, LLC

The Brand Called You
Current Trends in Banking and Finance by Martin Glynn, A Corporate Director and Former President and CEO of HSBC Bank (USA)

The Brand Called You

Play Episode Listen Later Jan 20, 2021 24:47


In this episode, Ashutosh Garg converses with Martin Glynn, a corporate director, and the former President and CEO of HSBC Bank USA. Martin is the chairman of the Public Sector Investment Board (PSP Investments) and is a director of Husky Energy Inc., Sun Life Financial Inc. Martin Holds a BA from Carleton University and an MBA from the University of British Columbia. Martin shares with us the three key milestones in his illustrious professional life. The corporate leader analyzes the changes the banking sector has been undergoing in the past three decades. He talks about the digital revolution in banking and explains how it will reduce the number of bank branches. Later in the episode, Martin talks about the future of cashless economy and digital payment options. He explains how COVID-19 has caused a shift towards people adopting cashless payments. Martin talks about the core values he upholds and defines the qualities that make a CEO successful. He opines about how the millennials and Gen-Z are transforming finance and banking. The corporate director explains what he looks for before accepting a board position and talks about the level of transparency required while serving on boards. Martin shares with us his definition of success. Before concluding, he advises aspiring bankers. Tune in to find more! Follow us on Facebook - http://facebook.com/followtbcy/ Twitter - http://twitter.com/followtbcy/ Instagram - http://instagram.com/followtbcy/ YouTube - http://youtube.com/followtbcy --- Support this podcast: https://anchor.fm/tbcy/support

EACCNY Pulse: Transatlantic Business Insights
5. Brexit Musing: Foreign Exchange and more with Bannockburn and Bloomberg

EACCNY Pulse: Transatlantic Business Insights

Play Episode Listen Later Oct 19, 2020 17:54


In this episode of the "EACCNY Brexit Musings", we will hear from Marc Chandler, Managing Director & Chief Markets Strategist at BANNOCKBURN GLOBAL FOREX and Kathleen Hays, Global Economics and Policy Editor for BLOOMBERG TV & RADIO. Their discussion will focus on the far-reaching implications of Brexit on the sterling and Foreign Exchange Market. Starting with a chat on the near-term disruption of Brexit on January 1, Marc and Kathleen will then "muse" about what it may look like five years or so down the road. Does the independence from the EU cost it to lose Scotland?  Northern Ireland?  Does sterling become more of less important of a global currency? Is its per capita GDP going be rising faster or slower?  Will a new financial center(s) on the Continent erode London's status.  In a world that is dominated by the size of few large economies, the US, China, the EU, Japan, India, what is the role of the UK?Marc Chandler joined Bannockburn Global Forex in October, 2018.  Prior to joining Bannockburn, he was the global head of currency strategy at Brown Brothers Harriman for thirteen years... Previously he was the chief currency strategist for HSBC Bank USA and Mellon Bank.  Marc is a prolific writer and speaker.  In addition to being frequently called up to by the newspapers and news wires to provide insight into the developments of the day, Chandler's essays have been published in the Financial Times, Barron's, Euromoney, Corporate Finance, and Foreign Affairs.  His blog, www.marctomarket is widely read and picked up by both the traditional and social media. Marc appears often on business television and is a regular guest on CNBC.  He frequently presents to business groups and investors.   His first book, “Making Sense of the Dollar:  Exposing Dangerous Myths about Trade and Foreign Exchange was published by Bloomberg Press in August 2009 and it won a Bronze Award from Independent Publishers.  His second book, Political Economy of Tomorrow, was published in February 2017.  His current research projects include global imbalances, scarcity and surplus, and the relationship between savings, investment and growth.  Marc has been analyzing the foreign exchange market for more than 20 years.  He holds a Master's degree in American history (1982) from Northern Illinois University and a Master's in International Political Economy from the University of Pittsburgh (1984).   He has taught classes on International Political Economy at New York University since the early 1990s.   He is also a Visiting Executive Lecturer at Darden Graduate School of Business Administration at University of Virginia since 2012.  Kathleen Hays is Global Economics and Policy Editor for Bloomberg Television and Radio, covering economies and central banks around the world, from the Federal Reserve and the European Central Bank, to the Bank of Japan and the People's Bank of China. Hays can be seen and heard on “Bloomberg Daybreak Asia” and “Bloomberg Asia Markets,” and on Bloomberg Radio's “Bloomberg Markets P.M.”Hays joined Bloomberg in 2006 after years as an on-air and online economics correspondent at CNBC and CNN, where she served as a host, correspondent and commentator for numerous programs. She began her career as the New York bureau chief at Markets News International, a financial news service. From there, she joined Reuters, and later worked as an economics correspondent and New York bureau chief for Investor's Business Daily.Hays attended Stanford University, where she earned both a bachelor's degree and a master's degree in economics. She is a member and former governor of the Money Marketeers of NYU, and a member of the Economic Club of New York. She is based in New York City.

Fintech Unfiltered, by Bank Innovation
Inside HSBC Bank USA's Innovation Strategy

Fintech Unfiltered, by Bank Innovation

Play Episode Listen Later Jul 5, 2019 27:22


In this latest episode of Fintech Unfiltered, Jeremy Balkin, the head of innovation at HSBC Bank USA talks to Bank Innovation about HSBC’s lofty innovation strategy for 2018, including everything from system upgrades to installing a real robot in the bank branch. Listen to Balkin talk about all this as well as HSBC’s other innovation milestones in 2018, what’s on the roadmap for 2019 as well as what the future of banking will look like, in his opinion.

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Fintech Unfiltered
Inside HSBC Bank USA's Innovation Strategy

Fintech Unfiltered

Play Episode Listen Later Jul 5, 2019 27:22


In this latest episode of Fintech Unfiltered, Jeremy Balkin, the head of innovation at HSBC Bank USA talks to Bank Innovation about HSBC’s lofty innovation strategy for 2018, including everything from system upgrades to installing a real robot in the bank branch. Listen to Balkin talk about all this as well as HSBC’s other innovation milestones in 2018, what’s on the roadmap for 2019 as well as what the future of banking will look like, in his opinion.

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American Banker Podcast
How HSBC is spending its $17 billion tech budget

American Banker Podcast

Play Episode Listen Later Jun 11, 2019 39:13


Jeremy Balkin, head of innovation at HSBC Bank USA, shares how the bank is investing in retail innovation, including a $350 million core system.

INV Unfiltered
Inside HSBC Bank USA's Innovation Strategy

INV Unfiltered

Play Episode Listen Later Dec 13, 2018 27:22


In this latest episode of Fintech Unfiltered, Jeremy to Balkin, the head of innovation at HSBC Bank USA talks to Bank Innovation about HSBC’s lofty innovation strategy for 2018, including everything from system upgrades to installing a real robot in the bank branch. Listen to Balkin talk about all this as well as HSBC’s other innovation milestones in 2018, what’s on the roadmap for 2019 as well as what the future of banking will look like, in his opinion.

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Slate Daily Feed
Sponsored Content: Scaling Global - Law of the Land

Slate Daily Feed

Play Episode Listen Later Dec 18, 2017 25:04


No one knows the legal implications of global expansion better than a global law firm like Withersworldwide. Hear Chairman, Ivan Sacks, describe how to get your legal ducks in a row before continuing grand expansion plans, and explain how he decides if a company is ready to make the international leap. Disclosure: These podcasts are intended solely for informational purposes. HSBC Bank USA, N.A. assumes no obligation to update or otherwise revise this podcast. The information, analysis and opinions contained herein constitute our present judgment which is subject to change at any time without notice. Nothing contained herein should be construed as tax, investment, accounting or legal advice. In all cases, you should conduct your own investigation and analysis of each potential transaction, and you should consider the advice of your legal, accounting, tax and other business advisors and such other factors that you consider appropriate. This is not a recommendation, offer, endorsement or solicitation to purchase or sell product or service. HSBC Bank USA, N.A. 2017. ALL RIGHTS RESERVED. Member FDIC. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Slate Daily Feed
Sponsored Content: Scaling Global - Starting at the Source

Slate Daily Feed

Play Episode Listen Later Nov 17, 2017 21:15


For a retail conglomerate like Sunrise Brands, sourcing is the name of the game. But in today’s global economy, you can’t source effectively without hyper-connectivity. Hear Sunrise Chairman & CEO, Gerard Guez, discuss the intricacies of global product sourcing and explain the profound impact that technology has had on his company’s continued success overseas. Disclosure: These podcasts are intended solely for informational purposes. HSBC Bank USA, N.A. assumes no obligation to update or otherwise revise this podcast. The information, analysis and opinions contained herein constitute our present judgment which is subject to change at any time without notice. Nothing contained herein should be construed as tax, investment, accounting or legal advice. In all cases, you should conduct your own investigation and analysis of each potential transaction, and you should consider the advice of your legal, accounting, tax and other business advisors and such other factors that you consider appropriate. This is not a recommendation, offer, endorsement or solicitation to purchase or sell product or service. HSBC Bank USA, N.A. 2017. ALL RIGHTS RESERVED. Member FDIC. Learn more about your ad choices. Visit megaphone.fm/adchoices

Slate Daily Feed
Sponsored Content: Scaling Global - Law of the Land

Slate Daily Feed

Play Episode Listen Later Nov 14, 2017 25:04


No one knows the legal implications of global expansion better than a global law firm like Withersworldwide. Hear Chairman, Ivan Sacks, describe how to get your legal ducks in a row before continuing grand expansion plans, and explain how he decides if a company is ready to make the international leap. Disclosure: These podcasts are intended solely for informational purposes. HSBC Bank USA, N.A. assumes no obligation to update or otherwise revise this podcast. The information, analysis and opinions contained herein constitute our present judgment which is subject to change at any time without notice. Nothing contained herein should be construed as tax, investment, accounting or legal advice. In all cases, you should conduct your own investigation and analysis of each potential transaction, and you should consider the advice of your legal, accounting, tax and other business advisors and such other factors that you consider appropriate. This is not a recommendation, offer, endorsement or solicitation to purchase or sell product or service. HSBC Bank USA, N.A. 2017. ALL RIGHTS RESERVED. Member FDIC. Learn more about your ad choices. Visit megaphone.fm/adchoices

scaling law of the land global law hsbc bank usa
Slate Daily Feed
Sponsored Content: Scaling Global - Law of the Land

Slate Daily Feed

Play Episode Listen Later Nov 14, 2017 25:04


No one knows the legal implications of global expansion better than a global law firm like Withersworldwide. Hear Chairman, Ivan Sacks, describe how to get your legal ducks in a row before continuing grand expansion plans, and explain how he decides if a company is ready to make the international leap. Disclosure: These podcasts are intended solely for informational purposes. HSBC Bank USA, N.A. assumes no obligation to update or otherwise revise this podcast. The information, analysis and opinions contained herein constitute our present judgment which is subject to change at any time without notice. Nothing contained herein should be construed as tax, investment, accounting or legal advice. In all cases, you should conduct your own investigation and analysis of each potential transaction, and you should consider the advice of your legal, accounting, tax and other business advisors and such other factors that you consider appropriate. This is not a recommendation, offer, endorsement or solicitation to purchase or sell product or service. HSBC Bank USA, N.A. 2017. ALL RIGHTS RESERVED. Member FDIC. Learn more about your ad choices. Visit megaphone.fm/adchoices

scaling law of the land global law hsbc bank usa
Slate Daily Feed
Sponsored Content: Scaling Global - Greener Pastures

Slate Daily Feed

Play Episode Listen Later Nov 14, 2017 24:10


Greiner Packaging has been providing Europe with plastic containers since the 1960s, but when it came time to expand, the company needed a special ingredient to break into new markets. Hear Greiner USA President, David Kirkland, talk about developing new competitive advantages and how going “green” was the key to his company unlocking new international business. Disclosure: These podcasts are intended solely for informational purposes. HSBC Bank USA, N.A. assumes no obligation to update or otherwise revise this podcast. The information, analysis and opinions contained herein constitute our present judgment which is subject to change at any time without notice. Nothing contained herein should be construed as tax, investment, accounting or legal advice. In all cases, you should conduct your own investigation and analysis of each potential transaction, and you should consider the advice of your legal, accounting, tax and other business advisors and such other factors that you consider appropriate. This is not a recommendation, offer, endorsement or solicitation to purchase or sell product or service. HSBC Bank USA, N.A. 2017. ALL RIGHTS RESERVED. Member FDIC. Learn more about your ad choices. Visit megaphone.fm/adchoices

Scaling Global
Law of the Land

Scaling Global

Play Episode Listen Later Nov 13, 2017 25:04


No one knows the legal implications of global expansion better than a global law firm like Withersworldwide. Hear Chairman, Ivan Sacks, describe how to get your legal ducks in a row before continuing grand expansion plans, and explain how he decides if a company is ready to make the international leap. Disclosure: These podcasts are intended solely for informational purposes. HSBC Bank USA, N.A. assumes no obligation to update or otherwise revise this podcast. The information, analysis and opinions contained herein constitute our present judgment which is subject to change at any time without notice. Nothing contained herein should be construed as tax, investment, accounting or legal advice. In all cases, you should conduct your own investigation and analysis of each potential transaction, and you should consider the advice of your legal, accounting, tax and other business advisors and such other factors that you consider appropriate. This is not a recommendation, offer, endorsement or solicitation to purchase or sell product or service. HSBC Bank USA, N.A. 2017. ALL RIGHTS RESERVED. Member FDIC.

law of the land hsbc bank usa
Scaling Global
Starting at the Source

Scaling Global

Play Episode Listen Later Nov 13, 2017 21:15


For a retail conglomerate like Sunrise Brands, sourcing is the name of the game. But in today’s global economy, you can’t source effectively without hyper-connectivity. Hear Sunrise Chairman & CEO, Gerard Guez, discuss the intricacies of global product sourcing and explain the profound impact that technology has had on his company’s continued success overseas. Disclosure: These podcasts are intended solely for informational purposes. HSBC Bank USA, N.A. assumes no obligation to update or otherwise revise this podcast. The information, analysis and opinions contained herein constitute our present judgment which is subject to change at any time without notice. Nothing contained herein should be construed as tax, investment, accounting or legal advice. In all cases, you should conduct your own investigation and analysis of each potential transaction, and you should consider the advice of your legal, accounting, tax and other business advisors and such other factors that you consider appropriate. This is not a recommendation, offer, endorsement or solicitation to purchase or sell product or service. HSBC Bank USA, N.A. 2017. ALL RIGHTS RESERVED. Member FDIC.

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Scaling Global
Greener Pastures

Scaling Global

Play Episode Listen Later Nov 13, 2017 24:10


Greiner Packaging has been providing Europe with plastic containers since the 1960s, but when it came time to expand, the company needed a special ingredient to break into new markets. Hear Greiner USA President, David Kirkland, talk about developing new competitive advantages and how going “green” was the key to his company unlocking new international business. Disclosure: These podcasts are intended solely for informational purposes. HSBC Bank USA, N.A. assumes no obligation to update or otherwise revise this podcast. The information, analysis and opinions contained herein constitute our present judgment which is subject to change at any time without notice. Nothing contained herein should be construed as tax, investment, accounting or legal advice. In all cases, you should conduct your own investigation and analysis of each potential transaction, and you should consider the advice of your legal, accounting, tax and other business advisors and such other factors that you consider appropriate. This is not a recommendation, offer, endorsement or solicitation to purchase or sell product or service. HSBC Bank USA, N.A. 2017. ALL RIGHTS RESERVED. Member FDIC.

Exit Coach Radio
Mike Burleigh - Don’t Count on Inheritances to Save Your Retirement

Exit Coach Radio

Play Episode Listen Later Oct 13, 2016 26:34


Expecting mom and dad to help fund your retirement by leaving you an inheritance? Don’t count on it. That’s one of the messages behind a new survey by HSBC Holdings PLC, the London-based parent of HSBC Bank USA. According to the survey, 23% of pre-retirees would ideally like to spend all of their savings and let their children fend for themselves. In contrast, a mere 9% say they want to save “as much money as possible to pass on to the next generation.” What’s behind the 14-point gap between those who want to spend it all and those who want to give as much as possible to younger generations? Several things. Many worry that by giving money to their children they will “take away the drive of the next generation to succeed,” says Brian Schwartz, an HSBC wealth adviser. Still, others anticipate that due to improvements in longevity, they may spend much of their savings along the way. For many, though, the “spend it all” mentality doesn’t necessarily equate to a desire to spend it all on themselves. Mr. Schwartz says many people in or approaching retirement are interested in or practicing a “new approach” to estate planning that emphasizes giving away some money to the next generation while they are still alive. For some, the appeal is that they will get to see their children and grandchildren enjoy and benefit from their largesse. For others, it’s a way of testing the impact an inheritance will have on their progeny — in order to make adjustments if necessary. Still, others want to give their money away while alive for tax reasons. “There is already talk in Washington about reducing the estate tax exemption to the levels that were in effect in 2009,” says Mr. Schwartz. Currently, individuals can transfer $5.43 million tax-free at death. A return to 2009’s level would mean the limit would revert to $3.5 million. “People recognize that estate taxes may go up” in the future, making it more palatable to give assets away now, he says. The survey of 1000 Americans — 21% of them retirees — was part of a global survey of 16,000 people in 15 countries. While the new approach to inheritance makes a certain amount of sense, it nonetheless comes with risks. In particular, giving away money before death now can leave you at greater risk for not having enough in later life. The best plan, financial advisers say, is for families to talk — if only to establish realistic expectations. Not surprisingly, many families are loath to discuss these issues. Adult children, in particular, aren’t eager to ask their parents about inheritances for fear of coming across as greedy. Still, the survey indicates that working Americans have high hopes for inheritances — perhaps too high, according to Mr. Schwartz. According to the survey, almost half expect to receive an inheritance. Among them, nearly 20% are banking on an inheritance to completely or largely fund their retirements, while half say they expect to receive enough to provide them with some support in their later years. While some may have good reason for their expectations, many others are likely to find that they won’t be getting nearly as much as they had hoped, says Mr. Schwartz. In an era of low interest rates, volatile financial markets, expanding longevity, and rising costs for health and long-term care, parents may find that they need every penny for themselves. Indeed, thanks to medical gains, a 65-year-old man has a 60% chance of living to age 80 and a 40% chance of reaching 85. For women, the odds are 71% and 53%, respectively. All of this has made the 85-and-over age bracket the fastest-growing segment of the population. Visit ExitCoachRadio.com for Audio, Videos, Books and Interactive Tools to Grow Your Business Value, Protect Your Family and Prepare for your Future Transition. New! Get our iPhone app at the App Store  - search for Exit Coach Radio. Grow your business value by up to 71% - take a free assessment at www.BizGrowth123.com 

Sprott Money News
Sprott Money Daily News (February 24, 2015)

Sprott Money News

Play Episode Listen Later Feb 24, 2015 4:09


Greece secures a four month extension to avert bankruptcy, the Commodity Futures and Trading Commission issued a subpoena to HSBC Bank USA for precious metals price manipulation, gold falls to lowest in seven weeks, and More...

Executives on Campus
JobSmart Career Hour (2009): New Career Paths for Accounting Students

Executives on Campus

Play Episode Listen Later Aug 15, 2012 56:27


Brian Newman, C.P.A., Partner-in-Charge of the Tax Department, Kostin, Ruffkess & Company, LLC and Mark Martinelli, C.P.A., Executive Vice President & Chief Auditor of HSBC Bank USA, talk about new career paths for accounting careers at the JobSmart Career Hour, the Executives On Campus Program. The event takes place on February 24, 2009, at the Baruch College Vertical Campus, Room 14-245.

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Baruch Community
JobSmart Career Hour (2009): New Career Paths for Accounting Students

Baruch Community

Play Episode Listen Later Aug 15, 2012 56:27


Brian Newman, C.P.A., Partner-in-Charge of the Tax Department, Kostin, Ruffkess & Company, LLC and Mark Martinelli, C.P.A., Executive Vice President & Chief Auditor of HSBC Bank USA, talk about new career paths for accounting careers at the JobSmart Career Hour, the Executives On Campus Program. The event takes place on February 24, 2009, at the Baruch College Vertical Campus, Room 14-245.

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Executives on Campus
Working in the Banking Industry: Insights from Leading Professionals

Executives on Campus

Play Episode Listen Later Aug 15, 2012 61:33


"Diane D'Erasmo, Executive Vice President, Commercial Banking, HSBC Bank USA and Mark Martinelli, Executive Vice President & Chief Auditor, HSBC Bank USA, talk about their educational background, career paths, and offer tips and advices on working in the banking industry at the Executives On Campus Program's JobSmart Career Hour. The event takes place on November 13, 2007, at the Baruch College Vertical Campus, Room 14-235, and is moderated by Baruch College student Anantshree Bubna."

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Baruch Community
JobSmart Career Hour (2009): New Career Paths for Accounting Students

Baruch Community

Play Episode Listen Later Aug 14, 2012 56:27


Brian Newman, C.P.A., Partner-in-Charge of the Tax Department, Kostin, Ruffkess & Company, LLC and Mark Martinelli, C.P.A., Executive Vice President & Chief Auditor of HSBC Bank USA, talk about new career paths for accounting careers at the JobSmart Career Hour, the Executives On Campus Program. The event takes place on February 24, 2009, at the Baruch College Vertical Campus, Room 14-245.

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Executives on Campus
JobSmart Career Hour (2009): New Career Paths for Accounting Students

Executives on Campus

Play Episode Listen Later Aug 14, 2012 56:27


Brian Newman, C.P.A., Partner-in-Charge of the Tax Department, Kostin, Ruffkess & Company, LLC and Mark Martinelli, C.P.A., Executive Vice President & Chief Auditor of HSBC Bank USA, talk about new career paths for accounting careers at the JobSmart Career Hour, the Executives On Campus Program. The event takes place on February 24, 2009, at the Baruch College Vertical Campus, Room 14-245.

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Executives on Campus
Working in the Banking Industry: Insights from Leading Professionals

Executives on Campus

Play Episode Listen Later Aug 14, 2012 61:33


"Diane D’Erasmo, Executive Vice President, Commercial Banking, HSBC Bank USA and Mark Martinelli, Executive Vice President & Chief Auditor, HSBC Bank USA, talk about their educational background, career paths, and offer tips and advices on working in the banking industry at the Executives On Campus Program's JobSmart Career Hour. The event takes place on November 13, 2007, at the Baruch College Vertical Campus, Room 14-235, and is moderated by Baruch College student Anantshree Bubna."

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