Submitted by: Submitted by madonaabboud
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Category: Business and Industry
Date Submitted: 10/15/2012 10:13 AM
HSBC
*HSBC Holdings plc (commonly known as HSBC):
- British multinational banking and financial services company
- Headquartered in London, United Kingdom.
- As of 2011, it was the world's second-largest banking and financial services group (and the largest based in Europe).
*Universal bank organized within four business groups:
- Commercial Banking
- Global Banking and Markets (investment banking)
- Retail Banking
- Wealth Management (retail banking and consumer finance)
- Global Private Banking.
*It has:
- Around 7,200 offices in 85 countries and territories across: Africa, Asia, Europe, North America and South America
- Around 89 million customers.
*As of 31 March 2012, it had total assets of $2.637 trillion of which:
- Roughly half were in Europe,
- A quarter in the Americas
- A quarter in Asia.
*HSBC:
- Has a primary listing on the London Stock Exchange
- Is a constituent of the FTSE 100 Index.
- As of 6 July 2012, it had a market capitalization of £102.7 billion( the second-largest of any company listed on the London Stock Exchange.
*Origins to 2000:
- March 1865: The Hongkong and Shanghai Banking Corporation was founded in the former British colony of Hong Kong by Scotsman Sir Thomas Sutherland.
- April 1865: The Hongkong and Shanghai Banking Corporation was founded in Shanghai.
- 1980: HSBC acquired a 51% shareholding in Marine Midland Bank
- 1987: full ownership of Marine Midland Bank.
- 1991: HSBC Holdings plc was established in the United Kingdom as the parent company to The Hongkong and Shanghai Banking Corporation in preparation for its purchase of the UK-based Midland Bank.
- 1992: HSBC Holdings' acquisition of Midland Bank was completed, it gave HSBC a substantial market presence in the United Kingdom.
- 1993: As part of the takeover conditions for the acquisition, HSBC Holdings plc was required to relocate its world headquarters from Hong Kong to London.
- 1997: Major acquisitions in...