This article is about the HSBC Group. For HSBC’s subsidiary bank headquartered in Hong Kong, see The Hongkong prix Forex en direct Shanghai Banking Corporation.
HSBC Holdings plc is a British multinational banking and financial services holding company. HSBC has around 3,900 offices in 67 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, and around 38 million customers. As of 2014, it was the world’s sixth-largest public company, according to a composite measure by Forbes magazine. Retail Banking and Wealth Management, and Global Private Banking. In February 2015, the International Consortium of Investigative Journalists released information about the business conduct of HSBC under the title Swiss Leaks. The ICIJ alleges that the bank profited from doing business with tax evaders and other clients.
HSBC because of the bank’s advertising. For more information on the history of HSBC prior to the founding of HSBC Holdings in 1991, see The Hongkong and Shanghai Banking Corporation. The Hongkong and Shanghai Bank was founded by Scotsman Thomas Sutherland in the then-British colony of Hong Kong on 3 March 1865, and in Shanghai a month later, benefiting from the start of trading into China, including opium trading. In November 2002, HSBC expanded further in the United States. US credit card issuer and subprime lender. The new headquarters of HSBC Holdings at 8 Canada Square, London officially opened in April 2003.
In June 2004 HSBC expanded into China buying 19. 5 billion, becoming the first major bank to report its losses due to the unfolding subprime mortgage crisis. According to Bloomberg, “HSBC is one of world’s strongest banks by some measures”. 4 billion to other UK banks. In March 2009, HSBC announced that it would shut down the branch network of its HSBC Finance arm in the United States, leading to nearly 6,000 job losses and leaving only the credit card business to continue operating. On 11 May 2011 the new chief executive Stuart Gulliver announced that HSBC would refocus its business strategy and that a large-scale retrenchment of operations, particularly in respect of the retail sector, was planned.
On 23 September 2010, Geoghegan announced he would step down as chief executive of HSBC. In August 2011 “to align our U. In 2012, HSBC was the subject of hearings of the U. On 16 July the committee presented its findings. 92 billion fine in this money laundering case. Bank officials repeatedly ignored internal warnings that HSBC’s monitoring systems were inadequate, the Justice Department said. In 2008, for example, the CEO of HSBC Mexico was told that Mexican law enforcement had a recording of a Mexican drug lord saying that HSBC Mexico was the place to launder money.
A 32-page brochure published on the HSBC website provides details of 2012 results in terms of markets, strategies, and businesses, as well as giving an outline of future plans. In July 2013, Alan Keir was appointed Chief Executive of HSBC Bank plc after Brian Robertson resigned from his post. Keir’s duties include overseeing the firm’s UK, European, Middle Eastern and African divisions. 2 billion UK pensions business to Swiss Re. 2 billion following years of disappointing performance. In 2015, HSBC was recognised as the most trusted foreign bank in India by The Brand Trust Report 2015.
In 2016, the bank was mentioned numerous times in connection with the Panama Papers investigation. In May 2016, HSBC announced that it would shut 24 of its 50 branches in India over the following several months, reducing its presence in the country to fourteen cities. On 20 March 2017, the British newspaper The Guardian reported that hundreds of banks had helped launder KGB-related funds out of Russia, as uncovered by an investigation named Global Laundromat. On 1 October 2017, Mark Tucker succeeded Douglas Flint as Group Chairman of HSBC, the first non-executive and outside chairman appointed by the group.