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As wholly owned subsidiaries of HSBC, HUSI's and HBUS's Long- and Short-Term IDRs are linked to those of their parent company.
"HBUS offered correspondent banking services to HSBC Bank Mexico, and treated it as a low-risk client, despite its location in a country facing money laundering and drug trafficking challenges, high risk clients like casas de cambio, high risk products like US dollar accounts in the Cayman Islands, a secrecy jurisdiction, and weak AML [anti-money laundering] controls," said the Senate subcommittee report.
"En febrero de 2008 y en noviembre de ese mismo ano autoridades financieras de Mexico confrontaron a los ejecutivos de HBMX sobre las sospechas de que ganancias de la venta de drogas se estaban moviendo a traves de sus cuentas a las sucursales de HBUS. Un correo electronico interno de los ejecutivos de HBUS fechado en enero de 2009 desvela que un agente de Inmigracion y Aduanas (ICE, por sus siglas en ingles) del Departamento de Seguridad Interior se habia reunido con funcionarios de HBUS para hablarles de una investigacion sobre lavado de dinero que se llevaba a cabo y que involucraba a algunos de sus clientes en Mexico.
He said: "Due to poor anti-money laundering controls, HBUS exposed the US to Mexican drug money, suspicious travellers cheques and rogue jurisdictions."
(12) In addition, if black faculty members are less likely to encounter discrimination at HBUs, the probability of receiving tenure and hence the relative value of the DB plan both increase.
To achieve this without any disturbances, higher education programs for blacks were conducted via the so-called Historically Black Universities (HBUs) whose graduates were to serve both the apartheid regime as well as the administration of the Bantustans (Homelands), where what was termed 'separate development' was to happen for the black population.
There are 21 universities in South Africa, and under apartheid 9 historically black universities (HBUs) were designated for black population groups (Africans, "Coloureds"--people of mixed race descent--and Indians), while the remaining 12 were HWUs split among English- and Afrikaans-speaking whites.
Even though government subsidies fell in this period, in 1990 they still accounted for 50 per cent of funds available to universities, 57 per cent of this for the historically white and 48 per cent for the historically black universities (HWUs and HBUs).
New York: Fitch Ratings affirmed HSBC USA Inc.'s (HUSI) and subsidiary, HSBC Bank USA, N.A.'s (HBUS) Long-Term Issuer Default Ratings (IDR) at 'AA-'.
This study focuses on culturally relevant pedagogy and compares its relevance to students at a predominantly white institution (PWI) with those at a historically black university (HBU).
Staff members with HBU experience visit these institutions and invite students to come to Cape Town for the 2-week school.