HSBC

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Description

HSBC Holdings plc is a global financial services company headquartered in Canary Wharf, London, United Kingdom.As of 2010 it is the world's sixth-largest banking and financial services group and eighth-largest company according to a composite measure by Forbes magazine.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.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. 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.







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