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HSBC

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For the history of the HSBC Group prior to the founding of HSBC Holdings in 1990, see The Hongkong and Shanghai Banking Corporation.

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HSBC Holdings plc

Type	Public limited company LSE: HSBA SEHK: 005 NYSE: HBC Euronext: HSB BSX: 1077223879
Industry	Banking Financial services Investment services
Founded	1991[1] (HSBC Holdings plc) 1865[2] (The Hongkong and Shanghai Banking Corporation Limited)
Headquarters	8 Canada Square Canary Wharf, Tower Hamlets, London, United Kingdom[3]
Number of locations	8,000 offices in 91 countries & territories[4]
Area served	Worldwide
Key people	Douglas Flint (Group Chairman) Stuart Gulliver (Group Chief Executive)
Products	Finance and insurance Consumer Banking Corporate Banking Investment Banking Investment Management Global Wealth Management Private Equity Mortgages Credit Cards
Revenue	$103.74 billion (2009)[5]
Operating income	$7.079 billion (2009)[5]
Profit	$5.834 billion (2009)[5]
Total assets	$2.418 trillion (at 30 June 2010)[6]
Total equity	$128.299 billion (2009)[5]
Employees	302,000 (2009)[5]
Subsidiaries	HSBC Bank plc HSBC GLT India The Hongkong and Shanghai Banking Corporation HSBC Bank USA HSBC Bank Middle East HSBC Mexico HSBC Bank Brazil HSBC Finance
Website	HSBC.com

HSBC Holdings plc (Chinese: 滙豐控股有限公司) is a global financial services company headquartered in Canary Wharf, London, United Kingdom.^[3] As of 2010, it is the world's sixth-largest banking and financial services group and the world's eighth-largest company according to a composite measure by Forbes magazine.^[7][8] It has around 8,000 offices in 91 countries and territories across Africa, Asia, Europe, North America and South America and around 100 million customers.^[4][9] As of 30 June 2010 it had total assets of $2.418 trillion, of which roughly half were in Europe, a quarter in the Americas and a quarter in Asia.^[6]

HSBC Holdings plc was founded in London in 1991 by The Hongkong and Shanghai Banking Corporation to act as a new group holding company and to enable the acquisition of UK-based Midland Bank.^[1] The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865.^[2] Today HSBC remains the largest bank in Hong Kong, and recent expansion in mainland China, where it is now the largest international bank, has returned it to that part of its roots.^[9][10]

Its primary listing is on the London Stock Exchange and it is a constituent of the FTSE 100 Index. It has secondary listings on the Hong Kong Stock Exchange (where it is a constituent of the Hang Seng Index), New York Stock Exchange, Euronext Paris and Bermuda Stock Exchange. As of August 2010, it was the largest company listed on the London Stock Exchange, with a market capitalisation of £115.8 billion.^[11]

Contents [hide] 1 History 1.1 Development of the bank 1.2 Subprime crisis 1.3 Government intervention 2 Operations 2.1 Corporate profile 2.2 Australia 2.3 South America 2.4 Asia 2.5 Asia Pacific 2.6 Europe 2.7 Middle East 2.8 North America 3 Global product lines and programmes 3.1 Group Service Centres 3.2 HSBC Private Bank 3.3 HSBC Premier 3.4 HSBC Advance 3.5 HSBC Bank International 3.6 HSBCnet 3.7 HSBC Direct 4 Brand and advertising 4.1 Logo 4.2 Sponsorship 5 Customer groups 5.1 Personal financial services 5.2 Commercial banking 5.3 Global banking and markets 5.4 Private banking 6 See also 7 Notes 8 External links

[edit] History

[edit] Development of the bank

HSBC Tower, the international headquarters for HSBC Holdings plc in Canary Wharf, London.

For the history of the HSBC Group prior to the founding of HSBC Holdings in 1990, see The Hongkong and Shanghai Banking Corporation.

HSBC (abbreviation origin: the "Hongkong and Shanghai Banking Corporation") was founded in the former British colony Hong Kong (in March 1865) and Shanghai (one month later) by Scotsman Sir Thomas Sutherland (1834–1922). HSBC Holdings plc established in 1990 became the parent company to The Hongkong and Shanghai Banking Corporation in preparation for its purchase of Midland Bank in the United Kingdom and restructuring of ownership domicile for the impending transfer of sovereignty of Hong Kong to China. HSBC Holdings acquisition of Midland Bank gave HSBC Group a substantial market presence in the United Kingdom which was completed in 1992. As part of the takeover conditions for the purchase of Midland Bank, HSBC Holdings plc was required to relocate its world headquarters from Hong Kong to London in 1993.

Major acquisitions in South America started with the purchase of the Banco Bamerindus of Brazil for $1bn in March 1997^[12] and the acquisition of Roberts SA de Inversiones of Argentina for $600m in May 1997.^[13]

HSBC World Headquarters designed by Norman Foster in London, United Kingdom.

In 1980, HSBC acquired a 51% shareholding in Marine Midland Bank, which it extended to full ownership in 1987. In May 1999, HSBC continued its US acquisitions with the purchase of Republic National Bank of New York for $10.3bn.^[14]

Expansion into Continental Europe took place in April 2000 with the acquisition of Crédit Commercial de France, a large French bank for £6.6bn.^[15]

In July 2001 HSBC bought Demirbank, an insolvent Turkish bank.^[16] Then in August 2002 HSBC acquired Grupo Financiero Bital, SA de CV, Mexico's third largest retail bank for $1.1bn.^[17]

The new headquarters of HSBC Holdings at 8 Canada Square, London officially opened in April 2003.^[18]

Then in September 2003 HSBC bought Polski Kredyt Bank SA of Poland for $7.8m.^[19]

In June 2004 HSBC expanded into China buying 19.9% of the Bank of Communications of Shanghai.^[20]

In the United Kingdom HSBC acquired Marks & Spencer Retail Financial Services Holdings Ltd for £763m in December 2004.^[21]

Acquisitions in 2005 included Metris Inc, a US credit card issuer for $1.6bn in August^[22] and 70.1% of Dar Es Salaam Investment Bank of Iraq in October.^[23]

In April 2006 HSBC bought the 90 branches in Argentina of Banca Nazionale del Lavoro for $155m.^[24]

In December 2007 HSBC acquired The Chinese Bank in Taiwan.^[25]

In May 2008 HSBC acquired IL&FS Investment, an Indian retail broking firm.^[26]

[edit] Subprime crisis

In November 2002 HSBC expanded further in the United States. Under the chairmanship of Sir John Bond, it spent £9bn (US$15.5bn) to acquire Household Finance Corporation (HFC), a US credit card issuer and subprime lender.^[27] In a 2003 cover story, The Banker noted "when banking historians look back, they may conclude that [it] was the deal of the first decade of the 21st century".^[28] Under the new name of HSBC Finance, the division was the second largest subprime lender in the US.^[29]

In March 2009, HSBC announced that it would shut down the branch network of its HSBC Finance arm in the U.S., leading to nearly 6,000 job losses and leaving only the credit card business to continue operating.^[30][31]

Chairman Stephen Green stated, "HSBC has a reputation for telling it as it is. With the benefit of hindsight, this is an acquisition we wish we had not undertaken.";^[32] analyst Colin Morton said, "the takeover was an absolute disaster".^[31][33]

Although it was at the centre of the subprime storm, the wider group has weathered the financial crisis of 2007–2010 better than other global banks. According to Bloomberg, "HSBC is one of world’s strongest banks by some measures."^[34] When HM Treasury required all UK banks to increase their capital in October 2007, the group transferred £750 million to London within hours, and announced that it had just lent £4 billion to other UK banks.^[35] In March 2009, it announced that it had made US$9.3bn of profit in 2008 and announced a £12.5bn (US$17.7bn; HK$138bn) rights issue to enable it to buy other banks that were struggling to survive.^[36] However, uncertainty over the rights' issue's implications for institutional investors caused volatility in the Hong Kong stock market: on 9 March 2009 HSBC's share price fell 24.14%, with 12 million shares sold in the last few seconds of trading.^[37]

[edit] Government intervention

In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven French banks, including HSBC, the sum of 384,900,000 Euros for colluding to charge unjustified fees on check processing (€9,050,000 for HSBC), especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.^[38][39]

[edit] Operations

[edit] Corporate profile

In February 2008, HSBC was named the world's most valuable banking brand by The Banker magazine.^[40][41] Not known for marked fluctuations in securities exchanges around the world relative to its rivals, HSBC is more well known in banking circles for its conservative and risk-averse approach in its business operations - a company tradition going back to the 19th century.^[42] In its technical management, however, HSBC has recently suffered a series of headline-making incidents in which some customer data were allegedly leaked or simply went missing. Although the consequences turned out to be small, the embarrassing effect on the group's image did not go unnoticed.^[43]

HSBC's Hong Kong head office, also designed by Norman Foster

As of April 2, 2008, according to Forbes magazine, HSBC was the fourth largest bank in the world in terms of assets ($2,348.98 billion), the second largest in terms of sales ($146.50 billion), the largest in terms of market value ($180.81 billion). It was also the most profitable bank in the world with $19.13 billion in net income in 2007 (compared to Citigroup's $3.62 billion and Bank of America's $14.98 billion in the same period).^[44]

HSBC is the largest bank both in the United Kingdom and in Hong Kong and prints most of Hong Kong's local currency in its own name. Since the end of 2005, HSBC has been rated the largest banking group in the world by Tier 1 capital.^[45]

The HSBC Group has a significant presence in each of the world's major financial markets, with the Americas, Asia Pacific and Europe each representing around one third of the business. With around 8,000 offices in 87 countries & territories, 210,000 shareholders, 300,000 staff and 128 million customers worldwide, HSBC arguably has the most international presence among the world's multinational banking giants.^[4]

The HSBC Group operates as a number of local banks around the world, which explains its advertising tagline "The World's Local Bank." In response to ongoing discussions about the survival strategies for banks, and the suggestion of "Living Wills" HSBC explains its structure as "separately incorporated and capitalised" the structure is based on a lead bank in each region, which has responsibility for the group's operations in that area, as listed below.^[46] For details of other group companies see Category:HSBC.

[edit] Australia

· HSBC Bank Australia
· HSBC Trustee (CI), Ltd.,

[edit] South America

· HSBC Bank Brazil SA, Banco Multiplo
· HSBC Bank Argentina SA
· HSBC Bank Peru SA
· HSBC Bank Chile SA
· HSBC Bank Uruguay SA
· HSBC Bank Paraguay SA
· HSBC Bank Colombia SA
· HSBC Bank Venezuela SA

[edit] Asia

· HSBC Armenia
· HSBC Bangladesh
· HSBC Brunei
· HSBC Bank India
· HSBC Indonesia
· HSBC Sri Lanka

[edit] Asia Pacific

· The Hongkong and Shanghai Banking Corporation Ltd
· Hang Seng Bank Ltd
· HSBC Bank (China) Company Ltd
· HSBC Bank Malaysia Berhad

[edit] Europe

· HSBC Algeria
· HSBC Global Assets Management Austria
· HSBC plc, Belgium HSBC Bank plc
· HSBC Bank Armenia
· HSBC France
· HSBC Trinkaus und Burkhardt AG
· HSBC Private Bank (UK) Ltd
· HSBC Bank Polska S.A.
· HSBC Bank A.Ş.
· HSBC Bank Malta Plc

[edit] Middle East

· HSBC Bank Middle East Ltd
· HSBC Bank Egypt SAE
· The Saudi British Bank
· HSBC Bank Kuwait
· HSBC Bahrain

[edit] North America

· The Hongkong and Sanghai Banking Corporation Ltd.,Bahamas
· HSBC Bermuda
· HSBC International Trustee (BVI) Ltd.
· HSBC Bank Cayman
· HSBC Bank USA Inc
· HSBC Finance Corporation
· HSBC Bank Canada
· HSBC Mexico SA

[edit] Global product lines and programmes

[edit] Group Service Centres

The HSBC Global Technology Centre in Pune, India develops software for the entire HSBC group.^[47]

As a cost saving measure HSBC is offshoring processing work to lower cost economies in order to reduce the cost of providing services in developed countries. These locations take on work such as data processing and customer service, but also internal software engineering at Pune, Hyderabad (India), Vishakhapatnam (India), Kolkata (India), Guangzhou (China), Curitiba (Brazil) and Kuala Lumpur (Malaysia).

Chief Operating Officer Alan Jebson said in March 2005 that he would be very surprised if fewer than 25,000 people were working in the centres over the next three years: “I don’t have a precise target but I would be surprised if we had less than 15 (global service centres) in three years’ time.” He went on to say that each centre cost the bank from $20m to $30m to set up, but that for every job moved the bank saves about $20,000 (£10,400).^[48]

Trade unions, particularly in the US and UK, blame these centres for job losses in developed countries, and also for the effective imposition of wage caps on their members.^[48]

HSBC Building, Shanghai

Currently, HSBC operates centres out of eight countries, including Brazil (Curitiba), The Czech Republic (Ostrava), India (Kolkata, Hyderabad, Bangalore, Visakhapatnam, Mumbai, Gurgaon and Pune), China (Shanghai, Guangzhou and Shenzhen), Malaysia (Kuala Lumpur), Poland (Krakow), Sri Lanka (Rajagiriya) and Philippines (Manila). The Malta trial for a UK high value call centre has resulted in a growing operation that country. An option under consideration is reported to be a processing centre in Vietnam to access the French skills of the population and therefore cut costs in the bank’s French operations.

On June 27, 2006, HSBC reported that a "small number" of customers had suffered from fraud totaling £233,000 after an employee at the Bangalore call centre supplied confidential customer information to fraudsters.^[49]

[edit] HSBC Private Bank

HSBC Private Bank ^[50] is the group's private banking operation, providing private banking and trustee services to wealthy individuals and their families worldwide. The Private Bank has in excess of 60 offices worldwide, with the major centres being Miami, New York, London, Geneva and Hong Kong.

HSBC Premier Centre, Tokyo, Japan.

[edit] HSBC Premier

HSBC Premier^[51] is the group's premium financial services product. The exact benefits and qualification criteria vary depending on country, but typically require deposits and investments of at least $100,000, £50,000, or €100,000. Alternatively those who have an individual annual income of at least £100,000 paid into their HSBC Premier Bank Account and are a customer of the bank's Independent Financial Advisory Service. Customers have a dedicated Premier Relationship Manager, global 24 hour access to call centres, free banking services and preferential rates. A HSBC Premier customer receives the HSBC Premier services in all countries that offer HSBC Premier, without having to meet that country's qualifying criteria.

[edit] HSBC Advance

HSBC Advance^[52] is the group's product aimed at Working professional. The exact benefits and qualifications vary depending on country, but typically require a transfer of Salary of USD 1,500 or more every month or Maintain USD 25,000 of deposits in a Savings/Current Account or investments. Advantages include and may vary depending on country this include Day-today banking services included but not limited to Platinium Credit Card, Advance ATM Card, Current Account and Savings Account. Protection plans and Financial Planning Services. A HSBC Advance customer enables the customer to open accounts in another country and transfer there credit history.

[edit] HSBC Bank International

HSBC Bank International^[53] is the offshore banking arm of the HSBC Group, focusing on providing offshore solutions and cross border services to expatriates and migrants. It provides a full range of multi-currency personal banking services to a range of customer segments, including a full internet banking and telephone banking service. Sometimes referred to as "HSBC Offshore", the business also offers independent financial planning, and has representative offices all over the world, often working alongside local HSBC operations in those regions.

HSBC Bank International originated from the business started by Midland Bank and is based in the Channel Islands with further operations on the Isle of Man. Its operations in the Channel Islands are centred around its registered headquarters on the seafront in St Helier, Jersey. Named 'HSBC House', the building comprises departments such as Premier, Global Funds & Investments, e-Business and a 24 hour 'Direct Banking Centre'.

[edit] HSBCnet

HSBCnet^[54] is a global service that caters to local business needs by offering specialised functionality for different regions worldwide.

The system provides access to transaction banking functionality - ranging from payments and cash management to trade services features - as well as to research and analytical content from HSBC. It also includes foreign exchange and money markets trading functionality.

The system is used widely by HSBC's high-end corporate and institutional clients served variously by the bank's global banking and markets, commercial banking and global transaction banking divisions.

HSBCnet is also the brand under which HSBC markets its global e-commerce proposition to its corporate and institutional clients.

HFC Bank (UK Operation) is a wholly owned subsidiary, with 135 High Street branches in the UK selling loans to the "sub-prime" market. During 2007 and 2008, has been trying to fend off a union recognition campaign by the Trade Union Unite.

[edit] HSBC Direct

HSBC Direct is a telephone/online direct banking operation which attracts customers through mortgages, accounts and savings. It was first launched in the USA^[55] in November 2005 and is now available in Britain, Canada,^[56] Taiwan,^[57] South Korea^[58] and France. Poland is launching business direct in September 2009.

[edit] Brand and advertising

The group announced in November 1999 that the HSBC brand and the hexagon symbol would be adopted as the unified brand in all the markets where HSBC operates, with the aim of enhancing recognition of the group and its values by customers, shareholders and staff throughout the world.

[edit] Logo

The hexagon symbol was originally adopted by The Hongkong and Shanghai Banking Corporation as its logo in 1983. It was developed from the bank’s house flag, a white rectangle divided diagonally to produce a red hourglass shape. Like many other Hong Kong company flags that originated in the 19th century, and because of its founder's nationality, the design was based on the cross of Saint Andrew. The logo was designed by graphic artist Henry Steiner.

The 2004 Jaguar car, being driven by Mark Webber.

[edit] Sponsorship

Having sponsored the Jaguar Racing Formula One team since the days of Stewart Grand Prix, HSBC ended its relationship with the sport when Red Bull purchased Jaguar Racing from Ford. HSBC has now switched its focus to golf, taking title sponsorship of events such as the HSBC World Match Play Championship, HSBC Women's World Match Play Championship (now defunct), HSBC Champions and HSBC Women's Champions.

In football HSBC sponsors French club AS Monaco and Mexican club C.F. Pachuca, and in rugby league, HSBC sponsors Telford Raiders in the Rugby League Conference. In Australia, HSBC sponsors the New South Wales Waratahs rugby team in the Super 14 rugby union competition, as well as the Hawthorn Football Club in the Australian Football League.

In the United States, HSBC owns the naming rights to the home arena of the National Hockey League's Buffalo Sabres until 2026.

HSBC’s other sponsorships are mainly in the area of education, health and the environment. In November 2006, HSBC announced a $5 million partnership with SOS Children as part of Future First.^[59]

HSBC sponsors the Great Canadian Geography Challenge, which has had around 2 million participants in the past 12 years. Since 2001, HSBC has sponsored the Celebration of Light, an annual musical fireworks competition in Vancouver, British Columbia, Canada. In 2007 HSBC announced it would be a sponsor of the National Hockey League's Vancouver Canucks and Calgary Flames. HSBC has also sponsored a professional gaming team that was disbanded late 2007.

HSBC sponsored the 2009 British and Irish Lions tour to South Africa.^[60]

HSBC is the official banking partner of the Wimbledon Tennis Championships, providing banking facilities on site and renaming the Road to Wimbledon junior event, as The HSBC Road to Wimbledon National 14 and Under Challenge.^[61]

HSBC was named the 'Official Banking Partner' of The Open Championship, in a five year deal announced in 2010.^[62]

[edit] Customer groups

HSBC splits its business into four distinct groups:

[edit] Personal financial services

HSBC provides more than 100 million customers worldwide with a full range of personal financial services, including current and savings accounts, mortgage loans, car financing, insurance, credit cards, loans, pensions and investments.

[edit] Commercial banking

HSBC provides financial services to small, medium-sized and middle-market enterprises. The group has almost 2.5 million of such customers, including sole proprietors, partnerships, clubs and associations, incorporated businesses and publicly quoted companies.

[edit] Global banking and markets

[edit] Private banking

Main article: HSBC Private Bank

HSBC Private Bank is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group worldwide. HSBC Private Bank, together with the private banking activities of HSBC Trinkaus, known collectively as Group Private Banking, provides services to high net worth individuals and their families through 93 locations in some 42 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. As of December 2007, profits before tax were US$1,511 million and combined client assets under management were US$494 billion.

In September 2008, HSBC announced that it would combine its two Swiss private banks under one brand name in 2009, with HSBC Guyerzeller and HSBC Private Bank to be merged into one legal entity, under the newly appointed CEO of HSBC Private Bank, Alexandre Zeller.^[63]

[edit] See also

	London portal
	Companies portal

• HSBC Buildings
• List of banks in the United Kingdom
• List of buildings and structures in Hong Kong
• Primary dealers

[edit] Notes

1. ^ ^{a b} "Group history 1980-1999"
   . HSBC Holdings plc. http://www.hsbc.com/1/2/!ut/p/kcxml/04_Sj9SPykssy0xPLMnMz0vM0Y_QjzKLN4o39DQGSYGYxqb6kShCBvGOCJEgfW99X4_83FT9AP2C3NCIckdHRQA4sRMO/delta/base64xml/L3dJdyEvd0ZNQUFzQUMvNElVRS82XzJfMUlT
   . Retrieved 4 September 2010.
2. ^ ^{a b} "Group history 1865-1899"
   . HSBC Holdings plc. http://www.hsbc.com/1/2/about/history/1865-1899
   . Retrieved 4 September 2010.
3. ^ ^{a b} "Group Structure"
   HSBC website
4. ^ ^{a b c} "International network"
   . HSBC Holdings plc. http://www.hsbc.com/1/2/about/network
   . Retrieved 4 September 2010.
5. ^ ^{a b c d e} "Annual Report 2009"
   . HSBC. http://www.hsbc.com/1/PA_1_1_S5/content/assets/investor_relations/hsbc2009ara0.pdf
   . Retrieved 2010-03-13.
6. ^ ^{a b} "Interim Report 2010"
   . HSBC Holdings plc. http://www.hsbc.com/1/content/assets/investor_relations/hsbc2010ira0.pdf
   . Retrieved 4 September 2010.
7. ^ "Special Report - The Global 2000,"
   Forbes, April 2, 2008.
8. ^ "HSBC tops Forbes 2000 list of world's largest companies,"
   HSBC website, 4 April 2008
9. ^ ^{a b} "Annual Review 2009"
   . HSBC Holdings plc. http://www.2009.annualreview.hsbc.com/annualreview/downloads/annual_review_2009.pdf
   . Retrieved 4 September 2010.
10. ^ Vidya Ram, "HSBC Gets Back In Touch With Its Roots"
    Forbes, 03.10.08
11. ^ "FTSE All-Share Index Ranking"
    . stockchallenge.co.uk. http://www.stockchallenge.co.uk/ftse.php
    . Retrieved 2010-08-12.
12. ^ HSBC buys Bamerindus, Brazil Bank, for $1bn
13. ^ UK Business Park: HSBC
14. ^ Bank group to buy Republic New York
15. ^ HSBC leads the way into euro zone with £6.6bn french bank takeover
16. ^ HSBC buys insolvent Turkish bank
17. ^ HSBC buys Mexico's biggest retail bank
18. ^ HSBC HQ, Canary Wharf
19. ^ HSBC gets approval to buy Polish Bank
20. ^ HSBC buys stake in Chinese Bank
21. ^ M&S faces OFT inquiry into HSBC deal
22. ^ HSBC buys US credit card issuer Metris for $1.59bn
23. ^ HSBC closes in on Iraqi Bank
24. ^ HSBC acquires Banca Nazionale del Lavoro SA from BNP Paribas SA
25. ^ Taiwan gives HSBC £750m to take on Chinese Bank
26. ^ HSBC Buys 73.21 percent Stake in IL&FS
27. ^ HSBC pays £9bn for credit card group
28. ^ "Sir John Bond lays bare HSBC’s strategy for gaining ground"
29. ^ HSBC hates subprime
    , FT Alphaville
30. ^ HSBC bank closes its operations in the U.S.
31. ^ ^{a b} Jon Menon, HSBC Rues Household Deal, Halts U.S. Subprime Lending
    , Bloomberg L.P. 2 March 2009.
32. ^ Neil Hume, Quote du jour - Stephen Green
    , FT Alphaville, 2 March 2009: "HSBC has a reputation for telling it as it is. With the benefit of hindsight, this is an acquisition we wish we had not undertaken."
33. ^ HSBC bank closes its operations in the U.S.
    .
34. ^ Jon Menon 'HSBC to Raise $17.7 Billion as Subprime Cuts Profit
    ', Bloomberg L.P., 2 March 2009
35. ^ Christine Seib 'HSBC quick to comply with refinancing demands
    ', The Times, 10 October 2009.
36. ^ Benjamin Scent HSBC seeking to build `war chest'
    , The Standard, 4 March 2009.
37. ^ Benjamin Scent 'Plunge probe
    ' The Standard, 10 March 2009.
38. ^ 3rd UPDATE: French Watchdog Fines 11 Banks For Fee Cartel
    , Elena Bertson, Dow Jones News Wires / Wall Street Journal online, retr 2010 9 20
39. ^ Collusion in the banking sector
    , Press Release of Autorité de la concurrence, République Française, 20 September 2010, retrv 2010 9 20
40. ^ "Hot Brands"
    The Banker, March 4, 2008
41. ^ Fast Facts
    HSBC Website, 4 April 2008
42. ^ Parmy Olson, "Better Safe Than Sorry"
    Forbes, 04.21.08
43. ^ "HSBC loses disk with policy details of 370,000 customers"
    , The Guardian, April 8, 2008
44. ^ "The Global 2000"
    Forbes, April 2, 2008
45. ^ The world's biggest banks | Economist.com
46. ^ Presentation by Michael Geoghegan, on 29 September 2009 at the Bank of America Merrill Lynch Banking & Insurance CEO Conference in London
47. ^ "HSBC GLT frontpage"
    . http://www.hsbcglt.com/
    . Retrieved 2008-08-22.
48. ^ ^{a b} HSBC to offshore more jobs
    BBC News
49. ^ Man held in HSBC India scam probe
    BBC News
50. ^ HSBC Private Bank
    /
51. ^ HSBC Premier
    /
52. ^ HSBC Advance
    /
53. ^ HSBC Bank International Limited
54. ^ HSBCnet
55. ^ HSBC USA
56. ^ HSBC Canada
57. ^ HSBC Taiwan
58. ^ HSBC South Korea
59. ^ HSBC and SOS Children's Villages partnership
60. ^ Official British & Irish Lions site
61. ^ "Official Suppliers"
    . wimbledon.org. http://www.wimbledon.org/en_GB/about/infosheets/officialsuppliers.html
    . Retrieved 12 November 2010.
62. ^ "HSBC Named 'Official Banking Partner' of The Open"
    . SponsorPitch. 15 October 2010. http://sponsorpitch.com/articles/1717
    . Retrieved 12 November 2010.
63. ^ Press Clippings, HSBC Guyerzeller website

[edit] External links

Wikimedia Commons has media related to: HSBC

• HSBC Group site
• HSBC Private Bank
• HSBC Bank Georgia site
• HSBC Armenia
• HSBC France

[show] Links to related articles [show]v · d · eHSBC Group Corporate directors: Douglas Flint (Group Chairman) · Stuart Gulliver (Group CEO) · Safra Catz · Vincent Cheng · Marvin Cheung · John Coombe · Rona Fairhead · Sandy Flockhart · James Hughes-Hallett · William Laidlaw · Rachel Lomax · Gwyn Morgan · Narayana Murthy · Sir Simon Robertson · John Thornton · Sir Brian Williamson Brands: First Direct · Hang Seng Bank · HSBC · HSBC Bank International · HSBC Premier · HSBC Private Bank · HSBC Trinkaus · M&S Money · Proa · SABB Principal local banks: Argentina · Brazil · Canada · People's Republic of China · Egypt · France · Germany · Hong Kong · Malaysia · Middle East · Mexico · Saudi Arabia · Republic of China (Taiwan) · United Kingdom · United States Minority stakes and joint ventures: Bank of Communications (19%) · HSBC Saudi Arabia (60%) · British Arab Commercial Bank (47%) · SABB (40%) · Ping An (19.9%) · Techcombank (15%) · Bao Viet Holdings (18%) · Bank of Shanghai (8%) · Axis Bank (4.99%) Annual group revenue: $78.6 billion USD (11% FY 2009) · Employees: 302,000 · Stock symbols: LSE: HSBA , HKEX: 005 , NYSE: HBC , Euronext: HSBC , BSX: 1077223879 Group website: www.hsbc.com · Group Headquarters: 8 Canada Square, London, E14 5HQ, United Kingdom [show]v · d · e FTSE 100 companies of the United Kingdom As of 24 January 2011. 3i · Admiral Group · African Barrick Gold · Aggreko · Alliance Trust · AMEC · Anglo American · Antofagasta · ARM Holdings · Associated British Foods · AstraZeneca · Autonomy Corporation · Aviva · BAE Systems · BG Group · BHP Billiton · BP · BT Group · Barclays · British American Tobacco · British Land Company · British Sky Broadcasting · Bunzl · Burberry Group · Cairn Energy · Capita Group · Capital Shopping Centres Group · Carnival · Centrica · Compass Group · Diageo · Essar Energy · Eurasian Natural Resources Corporation · Experian · Fresnillo · G4S · GKN · GlaxoSmithKline · HSBC · Hammerson · ICAP · IMI · Imperial Tobacco · Inmarsat · InterContinental Hotels Group · International Airlines Group · International Power · Intertek Group · Invensys · Investec · Johnson Matthey · Kazakhmys · Kingfisher · Land Securities Group · Legal & General · Lloyds Banking Group · Lonmin · Man Group · Marks & Spencer · Wm Morrison Supermarkets · National Grid · Next · Old Mutual · Pearson · Petrofac · Prudential · RSA Insurance Group · Randgold Resources · Reckitt Benckiser · Reed Elsevier · Resolution · Rexam · Rio Tinto Group · Rolls-Royce Group · Royal Bank of Scotland Group · Royal Dutch Shell · SABMiller · Sage Group · J Sainsbury · Schroders · Scottish and Southern Energy · Serco Group · Severn Trent · Shire · Smith & Nephew · Smiths Group · Standard Chartered Bank · Standard Life · Tesco · TUI Travel · Tullow Oil · Unilever · United Utilities · Vedanta Resources · Vodafone · WPP Group · Weir Group · Whitbread · Wolseley · Xstrata [show]v · d · e Hang Seng Index companies of Hong Kong Finance HSBC Holdings · Hang Seng Bank · Bank of East Asia · HKEx · China Construction Bank · Industrial and Commercial Bank of China · Ping An Insurance · BOC Hong Kong (Holdings) · China Life Insurance Company · Bank of Communications · Bank of China Utilities CLP Holdings · Hong Kong and China Gas · Hong Kong Electric · China Resources Power Property Cheung Kong · Henderson Land Development · Sun Hung Kai Properties · Sino Land · Hang Lung Properties · China Overseas · China Resources Land Commercial & Industrial Wharf Holdings · Hutchison Whampoa · New World Development · Swire Pacific · MTR Corporation · China Merchants Holdings (International) · CITIC Pacific · China Resources Enterprise · Cathay Pacific Airways · Esprit Holdings · Sinopec · Li & Fung · Tencent Holdings · China Unicom · CNOOC · PetroChina · China Mobile · China Shenhua · COSCO Pacific · Belle International (with effective from 6 Sep 2010) · China Coal Energy (with effective from 6 Sep 2010) · Foxconn · Aluminum Corporation of China · [show]v · d · eInvestment banks Bank Divisions of universal banks Bulge bracket Bank of America Merrill Lynch · Barclays Capital · Citi Institutional Clients Group · Credit Suisse · Deutsche Bank Corporate and Investment Bank · J.P. Morgan & Co. (J.P. Morgan Cazenove) · UBS Investment Bank Other BMO Capital Markets · BOC International · BNP Paribas Corporate and Investment Banking · CIBC World Markets · CITIC Securities · Commerzbank Corporates & Markets · Crédit Agricole Corporate and Investment Bank (CLSA) · Daiwa Securities SMBC · Harris Williams & Co. · Houlihan Lokey · HSBC Global Banking and Markets · ING Commercial Banking · KBC Bank · Mitsubishi UFJ Securities · Mizuho Corporate Bank · Morgan Keegan & Company · Nomura Securities · RBC Capital Markets · RBS Global Banking & Markets · Société Générale Corporate & Investment Bank · Standard Chartered · TD Securities · UniCredit Corporate & Investment Banking · Wells Fargo Securities Independents Bulge bracket Goldman Sachs · Morgan Stanley Other The Blackstone Group · Brewin Dolphin · BTG Pactual · Centerview Partners · Close Brothers Group · Evercore Partners · FBR Capital Markets · Greenhill & Co. · Investec Bank · Jefferies & Co. · Keefe, Bruyette & Woods · Lazard · Macquarie Group · Mediobanca · Moelis & Company · N M Rothschild & Sons · Oppenheimer & Co. · Perella Weinberg Partners · Piper Jaffray · Raymond James · Renaissance Capital · ROTH Capital Partners · Sandler O'Neill and Partners · Stifel Nicolaus · Troika Dialog · William Blair & Company Category

Retrieved from "http://en.wikipedia.org/wiki/HSBC"

Categories: Companies listed on the London Stock Exchange | Companies listed on the Hong Kong Stock Exchange | Companies listed on the New York Stock Exchange | Companies listed on the Euronext exchanges | Companies listed on the Bermuda Stock Exchange | Hang Seng Index Constituent Stocks | HSBC | Banks established in 1865 | Callable Bull/Bear Contracts issued in Hong Kong Stock Exchange | Companies of Hong Kong | Credit cards | Investment banks | Primary dealers | Warrants issued in Hong Kong Stock Exchange | Registered Banks of New Zealand | Financial services companies based in London

Hidden categories: Articles needing additional references from April 2010 | All articles needing additional references | Articles containing Chinese language text

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This page was last modified on 6 February 2011 at 12:21.