HSBC

British multinational bank

The HSBC Group is a British[3] banking group, that is the second largest in the world. It was founded in 1865, Hong Kong, by the Scottish banker, Thomas Sutherland. Now, it's head office is in London, in the United Kingdom, in the building known as 8 Canada Square. Although it is a British Bank, it owns lots of banks in other countries around the world, including some in the United States, France, Spain, Argentina, Russia, and China (PR, China).

HSBC Holdings plc
Company typePublic limited company
LSEHSBA
SEHK5
NYSEHSBC (ADR)
FTSE 100 Component (HSBA)
Hang Seng Component (0005)
IndustryBanking, Financial services
Founded1865 Edit this on Wikidata
FounderSir Thomas Sutherland
HeadquartersHSBC Tower,
London
,
United Kingdom
Area served
Worldwide
Key people
Mark Tucker
(Group Chairman)
Stuart Gulliver
(Group Chief Executive)
ServicesRetail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance
RevenueDecrease US$47.96 billion (2016)[1]
Decrease US$7.112 billion (2016)[1]
Decrease US$2.479 billion (2016)[1]
Total assetsDecrease US$2.374 trillion (2016)[1]
Total equityDecrease US$175.38 billion (2016)[1]
Number of employees
Increase 235,175 (2016)[1]
Subsidiaries
Subsidiaries
  • The Hongkong and Shanghai Banking Corporation
  • HSBC Bank USA
  • HSBC Bank plc
  • HSBC UK Bank plc[2]
  • HSBC Bank USA
  • HSBC Bank India
  • HSBC Mexico
  • HSBC Bank Malaysia
  • HSBC Bank Middle East
  • HSBC Finance
  • Hang Seng Bank
Websitewww.hsbc.com
HSBC World Headquarters in London.

It has a dual listing on the Hong Kong Stock Exchange and London Stock Exchange, ranked 38th in Forbes' 2022 list of large companies. However, HSBC has been involved in controversies, including fines for money laundering and accusations of setting up tax avoidance schemes.[4][5]

References

Other websites