HSBC Holdings Net Worth is$164.3 B
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Company Name: HSBC Holdings plc
Company Logo: Image:HSBC.svg
Type: Holding company Foundation: 1865 Founder: Thomas Sutherland (banker)
Location: 8 Canada Square, , London, United Kingdom Locations: Approximately 7,200 offices across 85 countries & territories Area Served: Worldwide
Key People: Douglas Flint,
Industry: Banking, Financial services
Services: Credit cards, Retail banking, Commercial bank, Financial services, investment banking, mortgage loans, private banking, wealth management
Revenue: url
Operating Income: 021.87 billion (2011) Net Income: 016.80 billion (2011) Assets: 02.556 trillion (2011) Equity: {{profit US$ 166.09 billion (2011) Num Employees: 267,000 (2011) Subsid: HSBC Bank plc, HSBC Finance
Slogan: "The Worlds Local Bank"
Homepage: http://www.hsbc.com/
Intl: yes
HSBC Holdings plc (commonly known as HSBC) is a British multinational banking and financial services company headquartered in London, United Kingdom. As of 2012, it was the world's third-largest bank and sixth-largest public company according to a composite measure by Forbes magazine.
HSBC is a universal bank and is organised within four business groups: Commercial Banking; Global Banking and Markets (investment banking); Retail Banking and Wealth Management; and Global Private Banking. 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 March 2012 it had total assets of $2.637 trillion, of which roughly half were in Europe, the Middle East and Africa, and a quarter each in Asia-Pacific and the Americas.
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. The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865. 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.
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 a market capitalisation of A?102.7 billion, the second-largest of any company listed on the London Stock Exchange. 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.
The Hongkong and Shanghai Banking Corporation was founded by Scotsman Sir Thomas Sutherland in the then British colony of Hong Kong on 3 March 1865, and in Shanghai one month later. In 1980, HSBC acquired a 51% shareholding in US-based Marine Midland Bank, which it

HSBC Holdings Latest News

HSBC Holdings plc Stock Rating Reaffirmed by Sanford C. Bernstein (HSBA)

HSBC Holdings plc (LON:HSBA)‘s stock had its “outperform” rating reiterated by equities researchers at Sanford C. Bernstein in a research report issued on Thursday. They currently have a GBX 800 ($13.70) price objective on the stock. Sanford C.
Posted: July 17, 2014, 8:11 pm

HSBC Holdings plc Rating Reiterated by Deutsche Bank (HSBA)

HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday. They currently have a GBX 640 ($10.94) price target on the stock. Deutsche Bank’s price ...
Posted: July 23, 2014, 4:34 am

HSBC Holdings plc’s “Neutral” Rating Reaffirmed at BNP Paribas (HSBA)

HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating restated by investment analysts at BNP Paribas in a note issued to investors on Thursday. They currently have a GBX 650 ($11.13) price objective on the stock. BNP Paribas’ price target ...
Posted: July 20, 2014, 11:53 am
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