HSBC
Sign in to saveHSBC Holdings plc () is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$3.098 trillion as of September 2024. This also puts it as the 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world.
AI overview
HSBC is a major British bank and financial services company headquartered in London that operates globally, with particular historical connections to East Asia. As the largest bank in Europe and the seventh largest in the world by total assets, it plays a significant role in international banking and finance.
AI-generated from the Wikipedia summary — may contain errors.
Key facts
- Company.hq_location_city
- London, England
- Company.hq_location_country
- United Kingdom
- Company.name
- HSBC Holdings plc
- Company.logo
- HSBC logo (2018).svg
- Company.image
- 8-Canada-Square (cropped).jpg
- Company.image_caption
- Headquarters at 8 Canada Square in Canary Wharf, London
- Company.type
- Public
- Company.founder
- Sir Thomas Sutherland
- Company.area_served
- Worldwide
- Company.industry
- Financial services
- Company.revenue
- (2025)
- Company.operating_income
- (2025)
Article
55 sectionsContents
- History
- Foundation
- Business development
- International expansion
- Creation of the HSBC Group
- 2000 to 2010
- 2010 to 2013
- 2013 to 2020
- Since 2020
- Operations
- Size, profit and auditors
- Principal business groups and divisions
- Commercial Banking
- Wealth and Personal Banking
- Group service centers
- Principal subsidiaries
- Specialized Ventures
- Global Reorganization
- Products
- HSBC Direct
- HSBCnet
- HSBC Advance
- HSBC Premier
- HSBC Jade
- Controversies
- Money laundering
- US Senate investigation (2012)
- FinCEN Files (2020)
- Forex, Libor and Euribor scandals (2014)
- Belgian tax fraud, money laundering charges (2014)
- Tax avoidance schemes (2015)
- $3.5 billion currency scheme (2016)
- Defense industry (2018)
- Housing crisis fine (2018)
- Support for China's Security Law for Hong Kong (2020)
- Sterling Lads (2021)
- Other
- Data loss (2008)
- Breaching Iran sanctions for Huawei (2009–2014)
- Gaddafi Libya claims (2011)
- Deforestation claims (2012, 2018)
- Money-laundering policies (2014)
- Payments-processing failures (2015)
- Spam phone calls (2020)
- Racism report (2021)
- Climate change (2022)
- Logo
- Sponsorships
- Ownership
- Leadership
- List of former group chairmen
- List of former group chief executives
- See also
- References
- External links
HSBC Holdings plc () is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$3.098 trillion as of September 2024. This also puts it as the 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world.
HSBC traces its origins to a hong trading house in British Hong Kong. The bank was established in 1865 in Hong Kong and opened branches in Shanghai in the same year. It was formally incorporated in 1866 as the Hongkong and Shanghai Banking Corporation. In 1991, the current parent company, HSBC Holdings plc, was established in London and the historic Hong Kong–based bank from which the group took its name became that entity's wholly owned subsidiary. The following year (1992), HSBC took over Midland Bank, becoming one of the largest domestic banks in the United Kingdom.
Gallery (52)
Connections
Categories
1865 establishments in Hong Kong1999 initial public offeringsAsset management companiesBanks established in 1865Banks of the United KingdomCompanies based in the London Borough of Tower HamletsCompanies in the Dow Jones Global Titans 50Companies in the FTSE 100 IndexCompanies listed on the Hong Kong Stock ExchangeCompanies listed on the London Stock ExchangeCompanies listed on the New York Stock Exchange