Definitions for hsbc
hsbc

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1. HSBC

   HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866.HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits, assets, and market value.HSBC is organised within three business groups: Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking. In 2020, the bank announced that it would consolidate its Retail Banking & Wealth Management arm with Global Private Banking, to form Wealth & Personal Banking.HSBC has a dual primary listing on the Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index. It has secondary listings on the New York Stock Exchange, and the Bermuda Stock Exchange. HSBC has had a number of controversies and the bank has been repeatedly fined for money laundering (sometimes in relation with criminal organizations such as the Sinaloa cartel) or setting up large scale tax avoidance schemes.

WikidataRate this definition:4.0 / 4 votes

1. HSBC

   HSBC Holdings P.L.C. is a British multinational banking and financial services organisation headquartered in London, United Kingdom and is one of the world's largest banks. It was founded in London in 1991 by The Hongkong and Shanghai Banking Corporation to act as a new group holding company The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865. The HSBC name is derived from the initials of The Hongkong and Shanghai Banking Corporation Limited. It has around 7,200 offices in 85 countries and territories across Africa, Asia, Europe, North America and South America, and around 89 million customers. As of 31 December 2012 it had total assets of $2.693 trillion, of which roughly half were in Europe, the Middle East and Africa, and a quarter each in Asia-Pacific and the Americas. As of 2012, it was the world's largest bank in terms of assets and sixth-largest public company, according to a composite measure by Forbes magazine. HSBC is organised within four business groups: Commercial Banking; Global Banking and Markets; Retail Banking and Wealth Management; and Global Private Banking. HSBC has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. As of 6 July 2012 it had a market capitalisation of £102.7 billion, the second-largest company listed on the London Stock Exchange, after Royal Dutch Shell. It has secondary listings on the Hong Kong Stock Exchange, the New York Stock Exchange, Euronext Paris and the Bermuda Stock Exchange.

Suggested ResourcesRate this definition:3.0 / 2 votes

1. HSBC

   What does HSBC stand for? -- Explore the various meanings for the HSBC acronym on the Abbreviations.com website.

How to pronounce hsbc?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say hsbc in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of hsbc in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of hsbc in Pythagorean Numerology is: 5

Examples of hsbc in a Sentence

1. Chief Executive Stuart Gulliver:

   I believe I am (the right person to be CEO) because my tax affairs are in order and I have carried out widespread root-and-branch reforms of HSBC in the five years I have been group CEO.

2. Paul Mumford:

   StanChart and HSBC might well be firing warning shots on their possible relocation to ... tell politicians they won’t be bullied, but I think unless these firms start feeling that some politicians are in tune with what they offer the UK, then we might see genuine action ... the threat is there.

3. Brooks Koepka:

   I think the scheduling changes with the majors has made the WGC-HSBC Champions an even more important event for us this year, with no majors scheduled after July, everyone will be targeting winning the final World Golf Championships of the year.

4. Stuart Gulliver:

   The SEC has had an investigation going on for some years on a number of US banks and they have now widened that out to a broader group of banks, of which HSBC is one.

5. Chris White:

   If you look at the composition of HSBC's board, it's mainly European, so it shouldn't necessarily be any surprise when they decide that they ought to stay in Europe.

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References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Hsbc
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=hsbc