Official Name: HSBC Holdings plc
Headquarters: London, United Kingdom
Founded: First established on 3 March 1865
CEO: Mr. Noel Paul Quinn
GBP as of April 1, 2022
HSBC Holdings PLC is a multinational banking and financial services company, dual-listed both in London and Hong Kong. Founded in Hong Kong and Shanghai in 1865, HSBC has grown to operate in more than 60 countries, with operations in commercial banking, investment banking, retail banking and wealth management, and global private banking.
HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions. This segment serves personal banking and high net worth individuals. The Commercial Banking segment provides credit and lending, treasury management, payment, cash management, commercial insurance, and investment services; commercial cards; international trade and receivables finance services; foreign exchange products; capital raising services on debt and equity markets; and advisory services. It serves small and medium sized enterprises, mid-market enterprises, and corporates. The Global Banking and Markets segment offers financing, advisory, and transaction services; and credit, rates, foreign exchange, equities, money markets, and securities services; and engages in principal investment activities. It serves government, corporate and institutional clients, and private investors. HSBC Holdings plc was founded in 1865 and is headquartered in London, the United Kingdom.
HSBC Holdings plc is a British multinational investment bank and financial services holding company. It is the second largest bank in Europe behind BNP Paribas, with total equity of US$206.777 billion and assets of US$2.958 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2020, it was the world's sixth largest bank by total assets and market capitalization. HSBC was the world's 40th-largest public company, according to a composite measure by Forbes magazine. HSBC is organised within three business groups: Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking. In 2020, the bank announced that it would consolidate its Retail Banking & Wealth Management arm with Global Private Banking, to form Wealth & Personal Banking. HSBC has a dual primary listing on the Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index. It has secondary listings on the New York Stock Exchange, and the Bermuda Stock Exchange. HSBC's history has been plagued by a succession of scandals and the bank has been repeatedly fined for money laundering (sometimes in relation with criminal organizations such as the Sinaloa cartel) or setting up large scale tax avoidance schemes.
Source: Wikipedia, retrieved on April 4, 2022, 2:54 p.m.
Financial services, Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance
Founder(s): Sir Thomas Sutherland (for The Hongkong and Shanghai Banking Corporation branch)
Mark Tucker (Group Chairman) Noel Quinn (Group Chief Executive)
Revenue: US$49.552 billion (2021)
Operating income: US$18.906 billion (2021)
Net income: US$14.693 billion (2021)
Total assets: US$2.958 trillion (2021)
Total equity: US$206.777 billion (2021)
HSBC Holdings plc has the following listings and related stock indices.
Stock: LSE: HSBA
Stock: BCBA: HSBC
Stock: Bovespa: H1SB34
Stock: FSX: HBC1
Stock: FSX: HBC2
Stock: HKEX: 0005
Stock: OTC: HBCYF
Stock: XETR: HBC1
Stock: NYSE: HSBC