HSBC Overview
HSBC Holdings was established on 3rd March 1865 as British Hong Kong & Shanghai Banking Corporation. However, they adopted their current name on 25th March 1991. The founder of this bank was Sir Thomas Sutherland. Presently, they are based in London, United Kingdom. The major services provided by this multinational bank are corporate banking, retail banking, mortgage loans, investment banking, wealth management, insurance, credit cards, & mortgage loans. The revenue of the company is more than US$ 51 million, whereas their total assets are over US$ 2.50 trillion. Some major subsidiaries of the company are HSBC Bank Indonesia, HSBC Sri Lanka, HSBC Taiwan, HSBC Bank Vietnam, Hang Seng Bank Limited, HSBC Japan, HSBC Bank Australia Limited, HSBC Bank Philippines, and HSBC Bank International.
HSBC Operations
The company trade on both London Stock Exchange as well as Hong Kong Stock Exchange. Additionally, they are a member of the FTSE 100 Index & Hang Seng Index. They operate a network of more than 3,900 offices in more than 65 countries across Europe, North America, and South America. Overall, they serve more than 38 million customers globally.
The company has divided their operations into four different segments, named Global Banking & Markets, Global Private Banking, Retail Banking & Wealth Management, and Commercial Banking. The company sponsored many events that include Jaguar Racing Formula One, Wimbledon Championship, and many charitable organizations in the education & health areas. The total employ force of the company has more than 228,100 people spread in the various parts of the world.
