HSBC
HSBC Holdings plc is a global bank and financial services holding company based in the United Kingdom. As of December 2021, it has more overall assets than BNP Paribas, making it the biggest bank in Europe. In 2021, HSBC had $10.8 trillion in assets in its care and $4.9 trillion in assets it was responsible for. HSBC began as a hong in British Hong Kong. In 1991, the Hongkong and Shanghai Banking Corporation set up its current form in London as a new group holding company. Its name comes from the letters of that company. In 1865, the Hongkong and Shanghai Banking Corporation set up branches in Shanghai. In 1866, it became a legal business.
HSBC has offices in 64 countries and regions in Africa, Asia, Oceania, Europe, North America, and South America. They serve about 40 million customers. As of 2022, Forbes placed it as the 38th largest company in the world based on its sales, profits, assets, and market value.
The three business groups that make up HSBC are Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking. The bank said that in 2020, Retail Banking & Wealth Management would be combined with Global Private Banking to make Wealth & Personal Banking.
HSBC is listed on both the Hong Kong Stock Exchange and the London Stock Exchange as its main listing. It is also a part of both the Hang Seng Index and the FTSE 100 Index. It is also listed on the New York Stock Exchange and the Bermuda Stock Exchange as a secondary exchange.
HSBC has been in a few controversies, and the bank has been fined many times for money laundering (sometimes with the Sinaloa gang) or setting up large-scale schemes to avoid paying taxes.
HSBC UK is a retail and commercial bank operating in the UK. It is a wholly-owned subsidiary of HSBC Holdings plc and provides a range of financial services, including personal banking, business banking, corporate banking, wealth management, and investment banking. It is the largest bank in the UK by market capitalization, the fourth largest by assets, and the seventh largest by deposits.
HSBC UK offers a range of products and services, including current accounts, savings accounts, mortgages, loans, credit cards, and business banking services. It also offers Internet banking, telephone banking, and mobile banking. In addition, it provides a range of insurance products, investment services, foreign exchange, and wealth management services. In terms of corporate social responsibility, HSBC UK is committed to helping local communities and has a range of initiatives to support those in need. It also works to reduce its own environmental impact and has a number of green initiatives to help reduce its carbon footprint.
Founded: 1865
Headquarters: London, England, UK
Website: https://www.hsbc.co.uk/
