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, Goldman rigged platinum prices for years, jeweller says

New York: Goldman Sachs Group Inc. and HSBC Holdings Plc were sued in New York over claims they conspired for eight years to manipulate prices for the precious metals platinum and palladium in what plaintiffs’ lawyers say is the first such class-action ...
Posted: December 18, 2014, 11:05 pm

Form 6-K HSBC HOLDINGS PLC For: Dec 12

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F). Form 20-F X Form 40-F ..... (Indicate by check mark whether the registrant by furnishing the information ...
Posted: December 12, 2014, 9:16 am

HSBC Holdings plc Given Average Recommendation of “Hold” by Brokerages (LON:HSBA)

Shares of HSBC Holdings plc (LON:HSBA) have received an average recommendation of “Hold” from the thirty-two analysts that are presently covering the company, Stock Ratings Network.com reports. Six analysts have rated the stock with a sell rating ...
Posted: December 9, 2014, 2:04 pm
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