HSBC Bank Brasil S.A. - Banco Múltiplo is subsidiary of Banco Bradesco in Brazil. HSBC established Banco HSBC Bamerindus SA to take over Banco Bamerindus do Brasil S.A. in March 1997 and the bank’s name was changed to HSBC Bank Brasil S.A. - Banco Múltiplo in 1999. It was HSBC's lead regional subsid …