HSBC Holdings Plc

From MarketsWiki
(Redirected from HSBC)
Jump to: navigation, search
Not impressed? Tell us how to improve it or sign up to edit.
HSBC Holdings Plc
float
Founded 1865
Headquarters London; Operates in Europe; Hong Kong; The Rest Of Asia Pacific Including the Middle East and Africa; North America; and South America.
Key People Group Chairman, S.K. Green
Products International Banking And Financial Services Organization
Corporate Website www.hsbc.com

HSBC Holdings Plc is a major international banking and financial services organization. It is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited.[1]

With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings Plc are held by around 200,000 shareholders in some 100 countries and territories.

Contents

History

According to HSBC, Thomas Sutherland, a Scotsman who worked for the Peninsular and Oriental Steam Navigation Company, realized that there was considerable demand for local banking facilities in Hong Kong and on the China coast and he helped to establish the bank which opened in Hong Kong in March 1865 and in Shanghai a month later. Soon after its formation, the bank opened agencies and branches around the world.

On Jan. 1, 2009 HSBC became the first foreign bank to incorporate locally in the fast-growing Vietnamese banking sector after gaining approval from the State Bank of Vietnam (SBV) to set up a Wholly Foreign-Owned Bank (WFOB) in Vietnam in September 2008.

Group Members

Personal and Commercial Banking

Global Banking and Markets

Asset Management

Private Banking and Trustee Services

Securities

Finance

Insurance, Retirement Benefits, Actuarial and Personal Financial Services

Property Related Services

Key People

Recent Awards

  • In July of 2008, HSBC was awarded "Top World Bank" by The Banker. HSBC was said to be the first non-U.S. company to lead the survey since 1999. HSBC topped the rankings by virtue of its tier-1 capital and profit before tax.[2]
  • July of 2008, HSBC Global Markets is awarded "Best Emerging Markets Bank" by Euromoney.
  • February of 2008, HSBC Global Markets is awarded "Best International Islamic Bank" by Euromoney.
  • October of 2007, HSBC Global Markets is awarded "Interest Rate Derivatives House of the Year" by The Banker.

References

  1. Group History. HSBC Holdings Plc.
  2. HSBC Tops Banker Magazine's Survey. The Financial Express.
Personal tools
Namespaces

Variants
Actions
Navigation
Special Pages
John Lothian News
Calendars
Share
Toolbox