HSBC Holdings plcType Public limited company SEHK: 005Traded as LSE: HSBA NYSE: HBCEuronext: HSB BSX:1077223879Industry Banking Financial services Investment servicesFounded 1991 (HSBC Holdings plc) 1865 (The Hongkong and Shanghai Banking Corporation Limited)Founder(s) Sir Thomas SutherlandHeadquarters 8 Canada Square, Canary Wharf, London, United KingdomNumber of locations 7,500 offices in 87 countries & territoriesArea served WorldwideKey people Douglas Flint (Group Chairman) Stuart Gulliver (Group Chief Executive)
Products Finance and insurance Consumer Banking Corporate Banking Investment Banking Investment Management Global Wealth Management Private Equity Mortgages Credit CardsRevenue US$ 98.918 billion (2010)Operating income US$ 19.037 billion (2010)Profit US$ 13.159 billion (2010)Total assets US$ 2.454 trillion (2010)Total equity US$ 147.667 billion (2010)Employees 306,300 (2010)Subsidiaries HSBC Bank plc The Hongkong and Shanghai Banking Corporation HSBC GLT India HSBC Bank USA HSBC Bank Middle East HSBC Mexico HSBC Bank Brazil HSBC FinanceWebsite HSBC.com
HSBC Holdings plc (Chinese: 滙豐控股有限公司) is a global bankingand financial services company headquartered in Canary Wharf, London, UnitedKingdom. As of 2011, it was the worlds second-largest banking and financialservices group and second-largest public company according to a compositemeasure by Forbesmagazine. It has around 7,500 offices in 87 countries andterritories across Africa, Asia, Europe, North America and South America andaround 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 Americasand a quarter in Asia.HSBC Holdings plc was founded in London in 1991 by The Hongkong andShanghai Banking Corporation to act as a new group holding company and toenable the acquisition of UK-based Midland Bank. The origins of the bank lie inHong Kong and Shanghai, where branches were first opened in 1865. Today,HSBC remains the largest bank in Hong Kong, and recent expansion in mainlandChina, where it is now the largest international bank, has returned it to that part ofits roots.HSBC is a universal bank and is organised within four business groups:Commercial Banking; Global Banking and Markets (investment banking);Personal Financial Services (retail banking); and Private Banking.HSBCs primary listing is on the London Stock Exchange and it is a constituent ofthe FTSE 100 Index. It has secondary listings on the Hong Kong StockExchange (where it is a constituent of the Hang Seng Index), the New York StockExchange, Euronext Paris and the Bermuda Stock Exchange. As of August 2010, itwas the largest company listed on the London Stock Exchange, with a marketcapitalisation of £115.8 billion.