HSBC- we are the world's local bank
The Business/Organization
The HSBC Group is named after its founding member, The Hong Kong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China. The inspiration behind the founding of the bank was Thomas Sutherland, a Scot who was then working for the Peninsular and Oriental Steam Navigation Company. He realized that there was considerable demand for local banking facilities in Hong Kong and on the China coast and he helped to establish the bank which opened in Hong Kong in March 1865 and in Shanghai a month later.
Soon after its formation the bank opened agencies and branches around the world. Although that network reached as far as Europe and North America, the emphasis was on building up representation in China and the rest of the Asia-Pacific region. HSBC was a pioneer of modern banking practices in a number of countries. In Japan, where a branch was established in 1866, the bank acted as adviser to the government on banking and currency. In 1888, it was the first bank to be established in Thailand, where it printed the country¡¦s first banknotes.
From the outset trade finance was a strong feature of the local and international business of the bank, an expertise that has been recognized throughout its history. Bullion, exchange, merchant banking and note issuing also played an important part. By the 1880s, the bank was acting as banker to the Hong Kong government and also participated in the management of British government accounts in China, Japan, Penang and Singapore. In 1874 the bank handled China¡¦s first public loan and thereafter issued most of China¡¦s public loans.
By the end of the century, after a strong period of growth and success under the leadership of Thomas Jackson (chief manager for most of that period from 1876 to 1902), the bank was the foremost financial institution in Asia.
Today with its headquarters in London, HSBC is one of the largest banking and financial service organizations in the world. HSBC's international network comprises over 9,800 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings are held by nearly 200,000 shareholders in some 10...
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... learning experience for me and I have enjoyed every minute of it. What I liked most probably were the people that I worked with. Without a fun group of people at work, work is not going to be an enjoyable place to go for you. The people here have been great and have helped me out in every way that I needed. What I liked the least was probably having do to a lot of the same everyday. After a while it got kind of repetitious but I didn¡¦t mind it that much, just would have liked to do some various things here and there.
This experience in a way has affected my career choice. I would love to continue to work for a company such as HSBC and they are giving me every opportunity to as I have applied for about 5-6 positions already within the company ranging from Chicago down to Charlotte. This internship has made me more focused on my career now and it has showed me that I can do much more. I graduate from college in December and would love to have a job locked up by the time I get out. I know through hard work and having patience, I will be able to do so. I am glad that I was able to work here and would love to continue my young career here at HSBC.
The Author of this book (On our own terms: race, class, and gender in the lives of African American Women) Leith Mullings seeks to explore the modern and historical lives of African American women on the issues of race, class and gender. Mullings does this in a very analytical way using a collection of essays written and collected over a twenty five year period. The author’s systematic format best explains her point of view. The book explores issues such as family, work and health comparing and contrasting between white and black women as well as between men and women of both races.
Canadian Imperial Bank of Commerce, also known as CIBC, is Canada’s fifth largest bank. Established in 1961, the bank that we know today was formed through the merging of the Canadian Bank of Commerce and the Imperial Bank of Canada. At the time, these two banks were the largest banks in Canada. CIBC’s head office is located at 199 Bay Street, Toronto, Ontario. This international company operates in Canada, Europe, the United States and the Asia Pacific region. CIBC`s vision is To be the leader in client relationships. They value Trust, Teamwork and Accountability. Their corporate objectives include building on their financial strength, unlocking value for reinvestment and to culture focus on client relationships. CIBC currently
On February 23, 1784, a small advertisement appeared in The New York Packet, one of the many New York newspapers of that era. This advertisement announced that prominent New York citizens had established a bank. The bank, established by the prominent, would not officially open for business until June 9, 1784. That bank would come to be known as the bank of New York. Alexander Hamilton, a well-known New York attorney, was asked to write the constitution of the new bank. He complied and therefore Alexander Hamilton was credited with the founding of the Bank of New York. The Bank of New York is the oldest bank in New York and along with that is one of the oldest banks in the world since banking the way we know it today began in the 18th century.
Though dealing with the situation is difficult, the poem goes on to express that going through this ordeal has only strengthened the resolve of the African American community. Lines 4-9 of this poem speak to toughness and resolve of the African American community in the fight to gain equality. McKay even goes as far ...
The history of Bank of America is long and detailed, with more events that took place than many other businesses possess. From its humble beginnings in San Francisco to its massive international expansion to the rest of the four corners of the Earth, Bank of America has come a long way from its modest inception. It all begins with an Italian immigrant who created a bank named The Bank of Italy in San ...
The Code of Hammurabi was written by King Hammurabi, who began ruling the Babylonian Empire in about 1800 BC. Hammurabi came to power using his strengths as a military leader, conquering many smaller city-states to create his Empire. Hammurabi believed that the gods appointed him to bring justice and order to his people, and he took this duty very seriously. Not long after his ascent to power, he created his Code, 282 laws written to define all relationships and aspects of life in the kingdom. The laws were displayed in a public place so that all the people could have the opportunity to study them. The laws applied to everyone, though application of the laws and punishment differed according to social class. The punishments for disobeying the laws were swift and harsh, further encouraging compliance.
The early decades of the nineteenth century saw the establishment of banks in the Caribbean largely as a convenience for the local governments. Throughout much of the nineteenth century, most Caribbean banks operated as an oligopoly with limited government influence – this directly translated into higher profits. However, over time, the banking environment could best be described as complex and dynamic. Competition increased, resulting into greater need for improved customer service, product innovation and cost reduction strategies. In order to achieve this, the banking sector was undergoing major structural reforms characterized by mergers and acquisitions. On July 23, 2001 Barclays and CIBC announced that they were in advanced discussions which were intended to lead to the combination of their retail, corporate and offshore banking operations in the Caribbean.
Bank of America, was founded by Amadeo Peter Giannini and opened for business on July 5th, 1784. It was known as the Massachusetts Bank, which was signed by John Hancock for the bank’s charter providing authorization to operate, who was the Governor of Massachusetts at the time. Massachusetts Bank was one of the three commercial banks in 1784. In 1958, the first credit card was introduced as BankAmerica card, and licensed to other banks across the US. “In the later half of the 20th century the bank expanded outside its home state into the Pacific Northwest and the Southwest as well as the emerging Latin American and Asian markets.” (BankAmerica Corp) NationsBank of Boston and BayBank was merged with Massachusetts Bank in 1996 and in 1999 acquired by Fleet Bank. In 1998, NationsBank created the first coast to coast retail banking franchise soon after the name was changed to Bank of America Corp.
One of the most important aspects of any society is the ruling system. A society simply could not function without any sort of rules or regulations. With the tremendous growth of Babylonian society came the need for law systems. Perhaps one of the most well known law systems was Babylonian ruler Hammurabi’s compilation of Mesopotamian laws known as Hammurabi 's Code. Hammurabi 's Code contained laws pertaining to trade, marriage, property, crime, social class, and more (Judge and Langdon, 25). So much can be learned about early societies through this famous artifact. Although these laws may have been accepted by the Babylonian citizens at the time, it is now clear to see that the code was extremely unjust. Hammurabi 's Code uncovers the social
Hammurabi’s Code provides evidence for early documents that signify law and order. For instance, Hammurabi’s says in his code if a man wrongs another with his false accusations, he shall be subjected to death (1, 3). His laws illustrate a judicial system in which someone has to pay someone that they wronged in either the same way that they wronged him or through money depending on the person’s social status. It is also said in his code of law that there were penalties for those who disobeyed his laws. For example, Hammurabi says, “If that man do not pay attention to my words…may the great god, the father of the gods, ...
Business internships are helping students gain real world experience while they are not actually out in the real world yet. Internships are becoming more and more popular with college students in today’s world. An internship is basically when a student in college goes to a company or business and works while they are still enrolled in school and still getting academic credit. The main purpose of the internship is for the student to gain valuable on the job work experience. But there are also other things that a student can get from internships. Internships help the student decide whether or not this line of work is correct for them. Since the student works in an occupation in which they are highly interested in it really helps them get a bigger picture of the outside world.
Barclays group PLC is one of the largest financial providers in America, Europe, Asia, Australia, Africa and Middle East. , It which is mainly engaged deals with credit cards, retail banking, investment banking, corporate banking, and wealth management. The bank is made up of investment and corporate banking, global retail banking and wealth management, each of which has several business units (Burn, Cartwright &Maudsley, 2009).
In 2012, eighty-four percent of Santa Clara University graduates who responded to a survey from the Santa Clara University School of Engineering obtained one or more internships during their undergraduate studies. Of those who responded, eighty-two percent were employed full-time after graduation earning a median salary of $62,500 (Santa Clara University). This research exhibits that internships can be an important strategy in the efforts toward job search for both students, as well as for employers looking to hire valuable employees. As defined by InternNE.com, an internship is any carefully monitored service or work experience that may be evaluated for educational credit in which an intern or student establishes learning goals and reflects on his or her learning experience in relation to achievement of the stated goals. Internships should first be examined that, when implemented at fullest potential, these opportunities can provide companies and students with a competitive edge in today’s business world. Subsequently, it can be shown that internships assist organizations and companies with temporary or seasonal project and task completion. Lastly, internships will be clarified as to how they allow students to gain valuable experience before entering the workforce. From reviewing an ample amount of research, internships are beneficial and advantageous to the success of a young student, as well as companies.
I have learned so much from this internship process and many things have gotten me ready for what I experience and other not as much. There have been many positives that have happened and other negative that have made me stronger as a person and stronger in my faith.
I must say that this experience was stressing yet so productive. I have learned so many things even it’s just less than for a month staying here. I learned to value my time efficiently. As what I observed from the employees in my department, they are very passionate to their work and they do not waste time. This is one of the things that I really admire and I think I learned from them, since time is very precious for every person practice of time management is indeed helpful for me. I learned to set my priorities first and use my time efficiently. I’ve been in different kinds of work but most of the time I do clerical work. Since the division I was assigned is strongly confidential, they just give some clerical work to