HSBC Holdings Plc

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, which opened for business in 1865.
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, and about 3,900 offices in established and emerging markets. The shares are listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges.
HSBC provides a range of financial services to around 100 million customers through four customer groups and global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. 
 
== 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.
By 1875 HSBC was present in seven countries across Asia, Europe and North America. It financed the export of tea and silk from China, cotton and jute from India, sugar from the Philippines and rice and silk from Vietnam. By 1900, the bank had expanded into 16 countries. HSBC bought Mercantile Bank and The British Bank of the Middle East in 1959, and in 1972 it formed a merchant banking arm. In the 1980s the bank bought Marine Midland Bank in the US. 
In 1992, the newly created HSBC Holdings plc acquired full ownership of the UK’s Midland Bank. Following the acquisition, HSBC moved its headquarters to London.
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.
In August 2019 the board of HSBC removed chief executive John Flint after just 18 months in the job.
In March 2023 HSBC Holdings said it was buying the UK arm of Silicon Valley Bank for a symbolic £1, rescuing SVB as it imploded.
== Group Members ==
=== Personal and Commercial Banking ===
*HSBC Bank Brasil S.A.- Banco Multiplo 
*Hang Seng Bank Limited 
*HSBC Bank Canada 
*The Hongkong and Shanghai Banking Corporation Limited 
*HSBC Bank Argentina S.A. 
*HSBC Bank Australia Limited 
*HSBC Bank Malaysia Berhad 
*HSBC Bank Middle East Limited 
*HSBC Finance Corporation 
*HSBC Bank USA N.A. 
*HSBC Bank plc 
*HSBC México, S.A. 
*First Direct (division of HSBC Bank plc) 
*HSBC France 
*HSBC Bank Malta plc 
*HSBC Bank Egypt S.A.E. 
*British Arab Commercial Bank Limited (Associate HSBC Group) 
*The Saudi British Bank (Associate HSBC Group) 
*Wells Fargo HSBC Trade Bank, N.A. (Associate HSBC Group) 
=== Global Banking and Markets ===
=== Asset Management === 
*HSBC Global Asset Management 
*Halbis
*Sinopia 
*HSBC Unit Trust Management Limited
*HSBC Trinkaus & Burkhardt AG 
=== Private Banking and Trustee Services ===
*HSBC Bank Middle East 
*HSBC Guyerzeller Bank AG 
*HSBC Private Bank 
*HSBC Trinkaus & Burkhardt AG 
*HSBC Trustee
*HSBC Trust Company (UK) Limited 
=== Securities === 
*HSBC Securities Inc. 
*HSBC Trinkaus & Burkhardt AG 
*HSBC Broking Services (Asia) Limited 
*HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC 
=== Finance ===
*HSBC Asset Finance (UK) Limited 
*HSBC Invoice Finance (UK) Limited 
*HSBC Vehicle Finance (UK) Limited 
*HSBC Forfaiting Asia Pte Limited 
*HSBC International Trade Finance Limited 
*HSBC Mortgage And Finance (Singapore) Limited 
*Mortgage And Finance Berhad 
*Wayfoong Credit Limited 
*Wayfoong Finance Limited 
*HSBC Fianzas, S.A., Grupo Financiero HSBC (financing bonds) 
=== Insurance, Retirement Benefits, Actuarial and Personal Financial Services ===
*Hang Seng Insurance Company Limited 
*Hang Seng Life Limited
*HSBC Actuaries and Consultants Limited 
*HSBC Insurance Brokers (Asia-Pacific) Limited 
*HSBC Insurance Brokers Limited 
*HSBC Insurance Holdings Limited 
*HSBC Bank plc
*La Buenos Aires Compañia Argentina de Seguros S.A.
*HSBC Life (UK) Limited
*HSBC Afore, S.A., Grupo 
*Financiero HSBC (Retirement Benefits) 
*HSBC Seguros, S.A. de C.V., Grupo 
*Financiero HSBC (Insurance) 
*HSBC Pensiones, S.A. (Pensions) 
*HSBC Insurance (Asia-Pacific) Holdings Limited
=== Property Related Services ===
*HSBC Property (Asia) Limited Shipping Services 
*HSBC Shipbrokers Limited
== Key People ==
*Mark E. Tucker, Non-executive Group Chairman
*Noel Quinn, Group Chief Executive Officer
*Ewen Stevenson, Group Chief Finance Officer 
*Samir Assaf, Chief Executive, Global Banking and Markets
== 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.
*July of 2008, HSBC Global Markets was awarded "Best Emerging Markets Bank" by Euromoney.
*February of 2008, HSBC Global Markets was awarded "Best International Islamic Bank" by Euromoney.
*October of 2007, HSBC Global Markets was awarded "Interest Rate Derivatives House of the Year" by The Banker.
== References ==
Category:Banks
Category:HSBC Holdings Plc