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HSBC
HSBC Holdings plc is a British multinational banking and financial services
organisation headquartered in London, United Kingdom. It was founded in London in 1991 by The Hongkong and
Shanghai Banking Corporation to
act as a new group holding company The origins of the bank lie in Hong Kong and Shanghai,
where branches were first opened in 1865. The HSBC name is derived from the
initials of The Hongkong and Shanghai Banking Corporation Limited. It has
around 7,200 offices in 85 countries and territories across Africa, Asia,
Europe, North America and South America, and around 89 million customers. As
of 31 December 2012 it had total assets of $2.693 trillion, of which
roughly half were in Europe, the Middle East and Africa, and a quarter each in
Asia-Pacific and the Americas. As of 2012, it was the world's largest bank in
terms of assets and sixth-largest public company, according to a composite
measure by Forbes magazine. HSBC is organised within
four business groups: Commercial Banking; Global Banking and Markets (investment banking);
Retail Banking and Wealth Management; and Global Private Banking.
HSBC has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. As of 6 July 2012 it had amarket capitalisation of £102.7 billion, the
second-largest company listed on the London Stock Exchange, after Royal Dutch Shell. it has secondary listings on the Hong Kong Stock Exchange (where it is a constituent of the Hang Seng Index), the New York Stock Exchange, Euronext Paris and
the Bermuda Stock Exchange.
HSBC has a long history
of helping millions of customers from all corners of the world meet their
financial goals. Our background in international trade and extensive worldwide
experience has taught us the importance of understanding different markets and given
us the deepest respect for other cultures and, ultimately, people. That's why
we look at all our customers individually and strive to provide them with
personalized service and credit products that fit their specific needs.
Since our founding in
1865, HSBC has grown into one of the world's largest financial institutions
with 8,000 offices in 88 countries and territories. We have been placed among
the elite companies of the Forbes Global 2000 and are one of the top ten financial
service companies in the United States.
As a part of the HSBC family, Cardmembers are guaranteed worldwide
recognition and acceptance, convenience and buying power. Our credit cards are
designed to help manage everyday life. From the unexpected expenses to those
special opportunities that come up when least expected. HSBC works hard to
develop accessible, dependable, innovative financial service products - and
customer relationships that last.
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