Recognizing the unprecedented damage and recovery challenges presented in the wake of Hurricane Sandy, HSBC USA (HSBC) today announced a $1 million commitment in support of the disaster recovery efforts. This includes an immediate donation of $500,000 to the American Red Cross in Greater New York. HSBC will also match dollar for dollar all employee donations to disaster relief efforts through its existing employee giving program, as well as working with community partners who provide emergency housing and financial assistance in the storm-impacted areas.
In addition, for HSBC customers in affected areas, the company will provide assistance to customers in the recovery effort wherever possible. We are opening branches as soon as it is safe to do so. We are closely monitoring our ATM network and working actively to ensure ATMs are fully functional to meet customer banking needs. We are committed to supporting customers in any way we can, including reversing HSBC fees incurred as a result of the hurricane.