History of the HSBC

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Founded in March 1865 by Sir Thomas Sutherland in the British colony of Hong Kong, HSBC emerges as one of the world’s largest banking institutions. The company’s name is derived from the Hong Kong and Shanghai Banking Corporation, and as a result of this the company refers to both Hong Kong and the United Kingdom as its home markets.
HSBC is a public limited company (plc) in the financial sector of the banking industry. Considered one of the most successful banks in the world, the British Multinational Banking and Services Company operates in over 90 countries worldwide. The main headquarters of HSBC are located in London but the company boasts nearly 8,000 offices, serving over 60 million customers. HSBC’s services are divided into four main groups of global business; Commercial Banking, Private Banking, Retail Banking and Wealth Management, and Banking and Markets (investment banking), along with the issuing of loans, debit, and credit cards to its customers.
HSBC contains several global product lines that provide services for its customers depending on where they are located, what they are interested in, or the banking methods they find most convenient. HSBC Direct is an online/ telephone direct banking service that deals with mortgages, saving, and accounts for households or individual customers. HSBC Net caters to the needs of small and local businesses by offering transaction banking, foreign exchange, trade services with foreign partners, and also commercial banking. Another service offered is HSBC Advance which is directed towards helping working professionals and their day to day banking needs. It also allows for international banking that allows an individual to retain their credit scores and financial history to fore...

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...ntries and deep understanding of various cultures has enabled the company to soar to success and continued to help it grow while serving its customers with satisfaction.

Works Cited

"HSBC." CNNMoney. Cable News Network, n.d. Web. 29 May 2014. .
HSBC Group 2014. "News and insight." HSBC. HSBC Group , n.d. Web. 28 May 2014. .
MarketWatch, Inc. "HSBC Holdings PLC ADS." HSBC Key Statistics. N.p., n.d. Web. 29 May 2014. .
Werdigier, Julia, and Jenny Anderson. "HSBC to Sidestep European Union Bonus Cap as It Cuts Costs." DealBook HSBC to Sidestep European Union Bonus Cap as It Cuts Costs Comments. N.p., n.d. Web. 29 May 2014. .

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