HSBC Holdings plc
滙豐控股有限公司

Type	Public LSE: HSBA SEHK: 005 NYSE: HBC Euronext: HSB BSX: 1077223879
Founded	Hong Kong (1865)
Founder(s)	Thomas Sutherland
Headquarters	8 Canada Square, Tower Hamlets, London, UK
Area served	Worldwide
Key people	Stephen Green Group Chairman Michael Geoghegan Group CEO
Industry	Banking Financial services Investment services
Products	Finance and insurance Consumer Banking Corporate Banking Investment Banking Investment Management Global Wealth Management Private Equity Mortgage Credit Cards
Revenue	▼ US$ 137.309 billion (2008)[1]
Operating income	▼ US$ 56.384 billion (2008)[1]
Net income	▼ US$ 6.498 billion (2008)[1]
Total assets	▲ US$ 2.527 trillion (2008)[1]
Total equity	▼ US$ 93.591 billion (2008)[1]
Employees	331,458 (9,500 offices in 85 countries and territories)
Subsidiaries	HSBC Bank plc The Hongkong and Shanghai Banking Corporation HSBC Bank USA HSBC Bank Middle East HSBC Mexico HSBC Bank Brazil HSBC Finance
Website	HSBC.com

HSBC Holdings plc is a public limited company incorporated in England in 1990, and headquartered in London since 1993.^[2] As of 2009, it is both the world's largest banking group and the world's 6th largest company according to a composite measure by Forbes magazine.^[3][4] Hong Kong served as the bank¹s headquarters until 1992 when it was forced to move to London as a condition of completing the acquisition of Midland Bank.^[5] Today, whilst no single geographical area dominates the group's earnings, Hong Kong still continues to be a significant source of its income. Recent acquisitions and expansion in China are returning HSBC to part of its roots.^[6] HSBC has an enormous operational base in Asia and significant lending, investment, and insurance activities around the world. The company has a global reach and financial fundamentals matched by few other banking or financial multinationals.^[7]

HSBC is listed on the London, New York City, Hong Kong, Paris and Bermuda Stock Exchanges, and is a constituent of the FTSE 100 Index and the Hang Seng Index.

Contents 1 History 1.1 Development of the bank 1.2 Subprime crisis 2 Operations 2.1 Corporate profile 2.2 Americas 2.3 Asia Pacific 2.4 Europe 2.5 Middle East and Africa 3 Global product lines and programmes 3.1 Group Service Centres 3.2 HSBC Private Bank 3.3 HSBC Premier 3.4 HSBC Bank International 3.5 HSBCnet 3.6 HSBC Direct 4 Brand and advertising 4.1 Logo 4.2 Sponsorship 5 Customer groups 5.1 Personal financial services 5.2 Commercial banking 5.3 Global banking and markets 5.4 Private banking 6 See also 7 Notes 8 External links

[edit] History

[edit] Development of the bank

HSBC (originally the "Hongkong and Shanghai Banking Corporation") was founded in 1865. HSBC Holdings was established in 1990 and became the parent company to The Hongkong and Shanghai Banking Corporation in preparation for its purchase of Midland Bank and a change of domicile for the transfer of sovereignty of Hong Kong. Shares in HSBC Holdings, which gave HSBC a substantial presence in the UK, was completed in 1992. As part of the takeover conditions for the purchase of Midland, HSBC was forced to move its world headquarters from Hong Kong to London in 1993. Major acquisitions in South America started with the purchase of Banco Bamerindus of Brazil for $1bn in March 1997^[8] and the acquisition of Roberts SA de Inversiones of Argentina for $600m in May 1997.^[9]

In May 1999 HSBC embarked on a major acquisition in the United States with the purchase of Republic National Bank of New York for $10.3bn.^[10]

Expansion into Continental Europe took place in April 2000 with the acquisition of Crédit Commercial de France, a large French bank for £6.6bn.^[11]

In July 2001 HSBC bought Demirbank, an insolvent Turkish bank.^[12] Then in August 2002 HSBC acquired Grupo Financiero Bital, SA de CV, Mexico's third largest retail bank for $1.1bn.^[13]

The new headquarters of HSBC Holdings at 8 Canada Square, London officially opened in April 2003.^[14]

Then in September 2003 HSBC bought Polski Kredyt Bank SA of Poland for $7.8m.^[15]

A terrorist attack took place in November 2003: a bomb blast in Istanbul damaged the bank’s head office in Turkey, causing several deaths and hundreds of injuries.^[16]

In June 2004 HSBC expanded into China buying 19.9% of the Bank of Communications of Shanghai.^[17]

In the United Kingdom HSBC acquired Marks & Spencer Retail Financial Services Holdings Ltd for £763m in December 2004.^[18]

Acquisitions in 2005 included Metris Inc, a US credit card issuer for $1.6bn in August^[19] and 70.1% of Dar Es Salaam Investment Bank of Iraq in October.^[20]

In April 2006 HSBC bought the 90 branches in Argentina of Banca Nazionale del Lavoro for $155m.^[21]

In December 2007 HSBC acquired The Chinese Bank in Taiwan.^[22]

In May 2008 HSBC acquired IL&FS Investment, an Indian retail broking firm.^[23]

In February 2010, HSBC Group CEO Office will be permanently based in Hong Kong, its birthplace.

[edit] Subprime crisis

In November 2002 HSBC expanded further in the United States. Under the chairmanship of Sir John Bond, it spent £9bn (US$15.5bn) to acquire Household Finance Corporation (HFC), a US credit card issuer and subprime lender.^[24] In a 2003 cover story, The Banker noted "when banking historians look back, they may conclude that [it] was the deal of the first decade of the 21st century".^[25] Under the new name of HSBC Finance, the division was the second largest subprime lender in the US.^[26]

The business turned sour, costing HSBC US$62bn.^{[citation needed]} In March 2009, HSBC announced that it would shut down the branch network of its HSBC Finance arm in the U.S., leading to nearly 6,000 job losses and leaving only the credit card business to continue operating.^[27][28]

Chairman Stephen Green stated, "HSBC has a reputation for telling it as it is. With the benefit of hindsight, this is an acquisition we wish we had not undertaken."^[29]; analyst Colin Morton said, "the takeover was an absolute disaster". ^[28][30]

Although it was at the centre of the subprime storm, the wider group has weathered the economic crisis better than other global banks. According to Bloomberg, "HSBC is one of world’s strongest banks by some measures."^[31] When HM Treasury required all UK banks to increase their capital in October 2007, the group transferred £750 million to London within hours, and announced that it had just lent £4 billion to other UK banks.^[32] In March 2009, it announced that it had made US$9.3bn of profit in 2008 and announced a £12.5bn (US$17.7bn; HK$138bn) rights issue to enable it to buy other banks that were struggling to survive.^[33] However, uncertainty over the rights' issue's implications for institutional investors caused volatility in the Hong Kong stock market: on 9 March 2009 HSBC's share price fell 24.14%, with 12 million shares sold in the last few seconds of trading.^[34]

[edit] Operations

[edit] Corporate profile

In February 2008, HSBC was named the world's most valuable banking brand by The Banker magazine.^[35][36] Not known for marked fluctuations in securities exchanges around the world relative to its rivals, HSBC is more well known in banking circles for its conservative and risk-averse approach in its business operations - a company tradition going back to the 19th century.^[37] In its technical management, however, HSBC has recently suffered a series of headline-making incidents in which some customer data were allegedly leaked or simply went missing. Although the consequences turned out to be small, the embarrassing effect on the group's image did not go unnoticed.^[38]

As of April 2, 2008, according to Forbes magazine, HSBC was the fourth largest bank in the world in terms of assets ($2,348.98 billion), the second largest in terms of sales ($146.50 billion), the largest in terms of market value ($180.81 billion). It was also the most profitable bank in the world with $19.13 billion in net income in 2007 (compared to Citigroup's $3.62 billion and Bank of America's $14.98 billion in the same period).^[39]

HSBC is by far the largest bank both in the United Kingdom and in Hong Kong and prints most of Hong Kong's local currency in its own name. Since the end of 2005, HSBC has been rated the largest banking group in the world by Tier 1 capital.^[40]

The HSBC Group has a significant presence in each of the world's major financial markets, with the Americas, Asia Pacific and Europe each representing around one third of the business. With 8,500 offices in 86 countries, 210,000 shareholders, 330,000 staff and 128 million customers worldwide, HSBC arguably has the most international presence among the world's multinational banking giants.

The HSBC Group operates as a number of local banks around the world, which explains its advertising tagline "The World's Local Bank."^[41] Outlined below are countries which, in 2007, generated the top 20 profit before tax figures, with the addition of the United States as specific issues exclude that country from the top 20 for 2007.^[42] For details of other group companies see Category:HSBC.

[edit] Americas

• HSBC Bank Argentina SA has around 150 branches throughout Argentina providing a full range of banking and financial products and services to over 1.2 million customers.

• HSBC acquired The Bank of Bermuda Limited in February 2004 for US$1.3bn. Founded in 1889, Bank of Bermuda is a leading provider of fund administration, trust, custody, asset management and banking services. Since the acquisition the group has focused its global efforts in some areas of these services on the island. ^[43]

• HSBC Bank Brasil SA is HSBC’s largest presence in South America. HSBC is now among the ten largest banks in Brazil, with more than 1,700 branches and sub-branches in 550 Brazilian cities.

• HSBC Bank Canada is the seventh largest bank in Canada, with offices in every province except for Prince Edward Island, and is the largest foreign-owned bank in the country. HSBC has a very strong presence in overseas Chinese communities, especially in Vancouver and Toronto^{[citation needed]}. The bank's headquarters are located in Vancouver, British Columbia.

• HSBC Chile The HSBC Group first set up operations in Chile in 1981. Presently, HSBC Bank Chile is focusing on Global Banking and Commercial Bank businesses.

• Banco HSBC (Costa Rica) S.A. operates around 40 branches throughout the major cities and is the third largest bank in the country. In the summer of 2007 HSBC acquired Grupo Banistmo in Panama, the owner of Banco Banex in Costa Rica.

• HSBC El Salvador, SA is the third largest banking and financial service firm in the country.

• HSBC Honduras has 49 branches and is one of the largest banks in the country. HSBC acquired Banco Grupo El Ahorro Hondureño (BGA) when it acquired Banistmo in Panama. Banistmo had bought the bank in 2002, about a year after it was formed from the merger of Banco La Capitalizadora Hondureña (Bancahsa; est. 1948) and the Banco del Ahorro Hondureño.

• HSBC Mexico, SA is one of Mexico’s largest banking and financial services companies with over 1,400 branches, 4,800 ATMs and 6 million customers. HSBC purchased Banco Internacional, SA known as Bital, in November 2002, rebranding it overnight in January 2004.

• HSBC Panama, SA HSBC's presence in Panama dates back to 1972. In 2000, HSBC Bank USA acquired Chase Manhattan's full-service, stand-alone bank business, which includes retail and wholesale capabilities. The acquisition included 11 full-service branches: seven branches in Panama City, two branches in Colon City, one branch in David and one branch in Chitre. At the time of the acquisition, HSBC operated in Panama as a full-service branch of HSBC Bank plc, with a strong franchise in corporate business as well as five retail branches. The acquisition of Chase Manhattan's business more than doubled HSBC's assets in Panama. Then in 2006, HSBC bought Grupo Banistmo, the largest financial services company in Central America, based in Panama for $1.8bn.^[44]

• HSBC established HSBC Paraguay SA when it acquired Lloyds TSB Bank Paraguay in 2007. Lloyds TSB had been in Paraguay since 1920 when the Bank of London and the River Plate established a branch in Asunción.

• HSBC Bank Peru S.A. In October 2006, HSBC began the first phase of its plan business in Peru, with the aim of meeting small, medium and large companies during the second half of 2007 is implemented and a network of Personal Banking initial agency in Lima that will expand gradually.

• HSBC Bank USA NA and HSBC Finance Corporation represent the group’s business in the US, which has been built up via the acquisition of Marine Midland (1980), Republic National Bank (1999), Household International (2003) and Metris Companies (2005) Solstice Capital Group (2006), among others. HSBC Bank USA, headquartered in Mettawa, Illionis (as of 2009), is a full service bank, with a strong branch network in New York State but also operating nationwide. HSBC Finance Corporation focuses on selected lines of consumer lending with a branch network across the US.

[edit] Asia Pacific

• HSBC Bank Australia Limited gained its banking licence in 1986. Today, the bank offers a full range of Personal and Commercial services via a network of branches as well as direct channels.

• HSBC Bangladesh opened its first branch in 1996 and now has 10 offices there.

• HSBC Bank (China) Company Limited and HSBC Rural Bank Company Limited HSBC established its Shanghai branch office on 3 April 1865 and has had a continuous presence in the city since then, except for a break during the Japanese Occupation. Until the economic reforms of the late 1970s, its activities were mainly in inward remittances and export bills, however its activities now span a wider range. HSBC has purchased stakes in various local firms, including 19% of Bank of Communications, 8% of Bank of Shanghai, 16.8% of Ping An Insurance and via its subsidiary Hang Seng Bank, 12.8% of Industrial Bank. In 1996, HSBC was one of the first foreign banks approved to conduct renminbi business in Shanghai. The bank opened a new office in Chengdu and received approval to open a branch in Pudong and upgrade its Dalian office to a branch.

• HSBC first opened for business in Hong Kong on 3 March 1865. It is one of three commercial banks that issue Hong Kong dollar banknotes in the Hong Kong SAR and has the largest share by value. The Hang Seng Index for stock prices in Hong Kong is named after the Hang Seng Bank Limited, which is a subsidiary of HSBC. The two banks are today first and second by market share in Hong Kong.

• HSBC India. In 1959 HSBC acquired The Mercantile Bank of India, London and China, established in October 1853 in Bombay. HSBC is now one of the fastest growing foreign banks in India, both in domestic banking and support operations for worldwide operations (see Group Service Centres).

• HSBC opened its first Indonesian office in Batavia in 1884 to serve the sugar trade. It then expanded its operation to Surabaya in 1896. Later in 1994 HSBC upgraded its Semarang agency, which it had opened in 1878, into a full branch. HSBC twice closed its operations in Indonesia. The first closure was during World War II, though it immediately returned after the war. In the mid-1960s, the Indonesia government forced the bank to close again, but the bank received a new banking license in 1968. In October 2008, HSBC paid US$608 million to acquire 89% of Bank Ekonomi, which had 2,200 staff, 86 branches, and about US$1.8 billion in assets. The acquisition made HSBC the third largest bank in the country, and gave it a total of 190 branches in 24 cities.

• HSBC Bank Malaysia Berhad traces its history back to the opening of the first HSBC office in Penang in 1884. The bank later became an issuer of currency notes for the Malaysian government. In 1994, HSBC became the first foreign bank to incorporate locally, forming Hongkong Bank Malaysia Berhad (now HSBC Bank Malaysia Berhad). The bank today provides a full range of personal and commercial financial services. HSBC Holdings plc in London UK is set to shift a significant number of jobs from Britain to its new operational headquarters in Cyberjaya, Malaysia. HSBC operates a call centre in Cyberjaya,Malaysia, a cybercity in Malaysia.

• HSBC started its operations in Pakistan in 1982. Since then it has expanded to all major cities of Pakistan and operates as a full service bank. It currently has 12 offices: four in Karachi, two each in Lahore and Islamabad, and one each in Rawalpindi, Sialkot, Multan and Faisalabad. The head-office is based in Karachi.

• The HSBC Group is represented in the Philippines through The Hongkong and Shanghai Banking Corporation Limited, and its subsidiary, the locally-incorporated HSBC Savings Bank (Philippines) Inc. HSBC opened its first branch in the Philippines in Binondo in November 1875. In 1883, a second branch was opened in Iloilo to serve the growing sugar industry. In 1971, the branch in Binondo was moved to Makati City. Ten years later, in 1981, the Iloilo branch was closed and a new branch in Ortigas Center, Pasig City, was opened.

• HSBC Singapore operates as a full service bank with its headquarters in Collyer Quay. It is an approved Primary Dealer in the Singapore Government Securities Market and an Approved Bond Intermediary, with over a hundred staff operating one of the largest integrated dealing rooms in Singapore.

• HSBC (Sri Lanka) traces its presence there to 1 July 1892. In 1882, HSBC appointed Delmege Reid and Co., which became Delmege Forsyth and Co. Ltd., as its agent in Colombo. In 1892, after the collapse of the New Oriental Banking Corporation HSBC saw an opportunity and established a branch.

• HSBC (Thailand) initially opened a branch in Bangkok in 1888, becoming the first commercial bank in the country. In 1889 HSBC issued the first banknotes in Thailand. Later, in 1905, HSBC joined with France's Banque de l'Indochine to issue the first foreign loan to the Thai government for its railroad construction project.

• HSBC Bank (Vietnam) Company Limited HSBC has had a long history in Vietnam, having opened a branch in Saigon in 1870. The branch operated for over 100 years, until its closure in 1975. In 1992, the bank opened representative offices in Ho Chi Minh City (HCMC) and Hanoi; HSBC upgraded the office in HCMC to a full-service branch in August 1995.

[edit] Europe

• HSBC Bank Armenia cjsc is a 70 per cent indirectly owned subsidiary of HSBC Bank. Armenian business interests own the remaining equity. The bank began operations as Midland Armenia Bank in Yerevan in March 1996 and was the first international bank to open in Armenia. It is one of the leading banks in the foreign exchange market.

• HSBC opened its Prague Branch in May 1997.

• HSBC SA operates around 380 branches in France since the takeover of Credit Commercial de France, primarily operating under the HSBC brand. HSBC France is now the HSBC Group’s lead bank in the Eurozone, focusing on certain capital market products for a global audience, and high net worth and international business in France.

• HSBC Bank Georgia jsc opened its first branch in Tbilisi, Georgia June 2008 and a second one in 2009. Its offer as presented on the bank's website is tailored for corporate customers and private/offshore banking.

• HSBC Trinkaus & Burkhardt AG traces its origins to 1785. It has operations in private, commercial and investment banking and asset management.

• HSBC Hellas HSBC has been operating in Greece since 1981. In 2001, HSBC acquired Barclay's operations in Greece, which amounted to 13 branches and included fund management.

• HSBC Bank Malta plc is one of the largest banks in Malta. It is a listed company but its majority shareholder is the HSBC Group. HSBC Bank Malta traces its origins back to the founding of the Anglo-Egyptian Bank in 1864, which makes it the second oldest bank in Malta.

• HSBC has limited operations in Poland - mainly private/offshore banking.

• HSBC (Spain) dates back to the establishment of a branch in Madrid in 1982.

• HSBC Private Bank is the Swiss operating subsidiaries of the group's Private Banking business, with 12 locations in the country.

• HSBC Bank AS is now the fifth largest private bank in Turkey, having expanded through internal financing and via acquisition since entering the market in 1990. The bank has a network of around 330 branches, offering products and services to corporate, commercial and personal customers, both under the HSBC brand as well as the Advantage brand.

• HSBC Bank plc is one of the "Big Five" high street banks in the UK, maintaining a large network of branches in England and Wales, with a smaller presence in Scotland and Northern Ireland. It acquired this presence in 1992 with the acquisition of Midland Bank plc. It also operates the previously Midland-owned telephone and internet bank First Direct, the consumer lending brand Beneficial Finance, and the financial services divisions of Marks & Spencer and the John Lewis Partnership.

• In Russia, HSBC operates through HSBC Bank Ltd (RR), which is the 109th largest bank in the country and is an affiliate of HSBC Bank plc.

[edit] Middle East and Africa

• HSBC Algeria commenced operating in 2008, after HSBC received permission in 2007 from the Bank of Algeria to establish a subsidiary. The branch has a capital of 2,5 billion dinars, or about 25 million euros, which it will increase to 3,6 billion dinars (36 million euros) within three years. It is headed by an Algerian, Rachid Sekak, the former head of foreign debt at the Bank of Algeria, who had earlier came from HSBC's operations in Paris.^[46]

• HSBC Bank Egypt SAE traces its origins to a joint-venture bank established in 1982. In 2001 HSBC was able to increase its ownership stake from 40% to 94.5%, after which it rebranded the bank as part of the HSBC group.

• In the Hashemite Kingdom of Jordan, the HSBC Group is represented by HSBC Bank Middle East Limited, the largest and most widely represented international bank in the Middle East. HSBC's presence dates back to its acquisition in 1959 of British Bank of the Middle East, which had been present in Jordan since 1889.

• HSBC dates its presence in Lebanon to 1949. HSBC has branches located in St. Georges Bay, Dora, Ras Beirut, Verdun and Zouk.

• HSBC Bank Middle East Limited . HSBC Oman represents a key part of HSBC Bank Middle East's business since 1959, with 6 branches and 3 customer services outlets. HSBC in Oman offers a full range of Personal Financial Services such as Current and Savings Accounts, Time Deposits, packaged financial products like HSBC Premier and STATUS, Credit Cards, Personal Loans and Home Loans.

• SABB (The Saudi British Bank) In Saudi Arabia HSBC is represented by The Saudi British Bank, which is a 40% owned affiliate. HSBC is also a joint venture partner in HSBC Saudi Arabia Limited, the Kingdom’s first full service independent investment bank.

• HSBC Bank Middle East Limited The United Arab Emirates represents a key part of HSBC Bank Middle East's business, with 16 branches and the firm's head office located here.

• HSBC Bank Qatar provides a wide range of banking services for both corporate and individual customers in Qatar. HSBC is the largest foreign bank in Qatar and has five branches, in Doha Main Office, Al Sadd, West Bay, FTB and Grand Hamad Street as well as a large network of ATMs at 21 different locations.

• HSBC established an indirect presence in Sub-Saharan Africa in 1981 through Equator Bank, a joint venture with Nedbank and the bank's executives, and entered the South African market in 1995 with a representative office. In 2003, HSBC converted the reop office in Johannesburg to a branch. The Johannesburg branch is now the regional management office for all of HSBC's Sub-Saharan Africa activities and offers corporate banking, transaction banking, investment banking, treasury and capital markets services to HSBC's major multinational clients, large local corporate and financial institutions, and governments. HSBC Securities (South Africa) offers equities services.

[edit] Global product lines and programmes

[edit] Group Service Centres

As a cost saving measure HSBC is offshoring processing work to lower cost economies in order to reduce the cost of providing services in developed countries. These locations take on work such as data processing and customer service, but also internal software engineering at Pune, Hyderabad (India), Vishakhapatnam (India), Kolkota (India), Guangzhou (China), and Curitiba (Brazil).

Chief Operating Officer Alan Jebson said in March 2005 that he would be very surprised if fewer than 25,000 people were working in the centres over the next three years: “I don’t have a precise target but I would be surprised if we had less than 15 (global service centres) in three years’ time.” He went on to say that each centre cost the bank from $20m to $30m to set up, but that for every job moved the bank saves about $20,000 (£10,400).^[47]

Trade unions, particularly in the US and UK, blame these centres for job losses in developed countries, and also for the effective imposition of wage caps on their members.^[47]

Currently centres exist in seven countries, in Brazil in Curitiba, in Czech Republic in Ostrava, in India in Hyderabad, Bangalore, Visakhapatnam, Mumbai, Gurgaon, Kolkata and Pune, in China in Shanghai, Guangzhou and Shenzhen, in Kuala Lumpur (Malaysia), Sri Lanka (Rajagiriya)and Manila (Philippines). The Malta trial for a UK high value call centre has resulted in a growing operation in Malta. An option under consideration is reported to be a processing centre in Vietnam to access the French skills of the population and therefore cut costs in the bank’s French operation.

On June 27, 2006, HSBC reported that a "small number" of customers had suffered from fraud totalling £233,000 after an employee at the Bangalore call centre supplied confidential customer information to fraudsters.^[48]

[edit] HSBC Private Bank

HSBC Private Bank ^[49] is the group's private banking operation, providing private banking and trustee services to wealthy individuals and their families worldwide. The Private Bank has in excess of 60 offices worldwide, with the major centres being Miami, New York, London, Geneva and Hong Kong.

[edit] HSBC Premier

HSBC Premier^[50] is the group's premium financial services product. The exact benefits and qualification criteria vary depending on country, but typically require deposits and investments of at least $100,000, £50,000, or €100,000. Alternatively those who have an individual annual income of at least £100,000 paid into their HSBC Premier Bank Account and are a customer of the bank's Independent Financial Advisory Service. Customers have a dedicated Premier Relationship Manager, global 24 hour access to call centres,free banking services and preferential rates. A HSBC Premier customer receives the HSBC Premier services in all countries that offer HSBC Premier, without having to meet that country's qualifying criteria.

[edit] HSBC Bank International

HSBC Bank International^[51] is the offshore banking arm of the HSBC Group, focusing on providing offshore solutions and cross border services to expatriates and migrants. It provides a full range of multi-currency personal banking services to a range of customer segments, including a full internet banking and telephone banking service. Sometimes referred to as "HSBC Offshore", the business also offers independent financial planning, and has representative offices all over the world, often working alongside local HSBC operations in those regions.

HSBC Bank International originated from the business started by Midland Bank and is based in the Channel Islands with further operations on the Isle of Man. Its operations in the Channel Islands are centred around its registered headquarters on the seafront in St Helier, Jersey. Named 'HSBC House', the building comprises departments such as Premier, Global Funds & Investments, e-Business and a 24 hour 'Direct Banking Centre'.

[edit] HSBCnet

HSBCnet^[52] is a global service that caters to local business needs by offering specialised functionality for different regions worldwide.

The system provides access to transaction banking functionality - ranging from payments and cash management to trade services features - as well as to research and analytical content from HSBC. It also includes foreign exchange and money markets trading functionality.

The system is used widely by HSBC's high-end corporate and institutional clients served variously by the bank's global banking and markets, commercial banking and global transaction banking divisions.

HSBCnet is also the brand under which HSBC markets its global e-commerce proposition to its corporate and institutional clients.

HFC Bank (UK Operation) is a wholly owned subsidiary, with 135 High Street branches in the UK selling loans to the "sub-prime" market. During 2007 and 2008, has been trying to fend off a union recognition campaign by the Trade Union Unite.

[edit] HSBC Direct

HSBC Direct is an online direct banking operation which attracts customers through high-interest savings accounts and no service charges or minimum account balance requirements. It was first launched in the USA^[53] in November 2005 and is now available in Canada,^[54] Taiwan^[55], South Korea^[56] and France. Poland is launching business direct in September 2009.

[edit] Brand and advertising

The group announced in November 1999 that the HSBC brand and the hexagon symbol would be adopted as the unified brand in all the markets where HSBC operates, with the aim of enhancing recognition of the group and its values by customers, shareholders and staff throughout the world.

[edit] Logo

The hexagon symbol was originally adopted by The Hongkong and Shanghai Banking Corporation as its logo in 1983. It was developed from the bank’s house flag, a white rectangle divided diagonally to produce a red hourglass shape. Like many other Hong Kong company flags that originated in the 19th century, and because of its founder's nationality, the design was based on the cross of Saint Andrew. The logo was designed by graphic artist Henry Steiner.

[edit] Sponsorship

Having sponsored the Jaguar Racing Formula One team since the days of Stewart Grand Prix, HSBC ended its relationship with the sport when Red Bull purchased Jaguar Racing from Ford. HSBC has now switched its focus to golf, taking title sponsorship of events such as the HSBC World Match Play Championship, HSBC Women's World Match Play Championship (now defunct), HSBC Champions and HSBC Women's Champions.

In football HSBC sponsors French club AS Monaco and Mexican club C.F. Pachuca, and in rugby league, HSBC sponsors Telford Raiders in the Rugby League Conference. In Australia, HSBC sponsors the New South Wales Waratahs rugby team in the Super 14 rugby union competition, as well as the Hawthorn Football Club in the Australian Football League.

In the United States, HSBC owns the naming rights to the home arena of the National Hockey League's Buffalo Sabres until 2026.

HSBC’s other sponsorships are mainly in the area of education, health and the environment. In November 2006, HSBC announced a $5 million partnership with SOS Children as part of Future First.^[57]

HSBC sponsors the Great Canadian Geography Challenge, which has had around 2 million participants in the past 12 years. Since 2001, HSBC has sponsored the Celebration of Light, an annual musical fireworks competition in Vancouver, British Columbia, Canada. In 2007 HSBC announced it would be a sponsor of the National Hockey League's Vancouver Canucks and Calgary Flames. HSBC has also sponsored a professional gaming team that was disbanded late 2007.

HSBC sponsored the 2009 British and Irish Lions Rugby Union tour of South Africa.^[58]

HSBC is the official banking partner of the Wimbledon Tennis Championships, providing banking facilities on site and renaming the Road to Wimbledon junior event, as The HSBC Road to Wimbledon National 14 and Under Challenge.^[59]

[edit] Customer groups

HSBC splits its business into four distinct groups:

[edit] Personal financial services

HSBC provides more than 100 million customers worldwide with a full range of personal financial services, including current and savings accounts, mortgage loans, car financing, insurance, credit cards, loans, pensions and investments.

[edit] Commercial banking

HSBC provides financial services to small, medium-sized and middle-market enterprises. The group has almost 2.5 million of such customers, including sole proprietors, partnerships, clubs and associations, incorporated businesses and publicly quoted companies.

[edit] Global banking and markets

[edit] Private banking

HSBC Private Bank is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group worldwide. HSBC Private Bank, together with the private banking activities of HSBC Trinkaus, known collectively as Group Private Banking, provides services to high net worth individuals and their families through 93 locations in some 42 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. As of December 2007, profits before tax were US$1,511 million and combined client assets under management were US$494 billion.

In September 2008, HSBC announced that it would combine its two Swiss private banks under one brand name in 2009, with HSBC Guyerzeller and HSBC Private Bank to be merged into one legal entity, under the newly appointed CEO of HSBC Private Bank, Alexandre Zeller.^[60]

[edit] See also

• HSBC Buildings
• List of banks in the United Kingdom
• List of buildings and structures in Hong Kong
• Primary dealers

[edit] Notes

[edit] External links

Wikimedia Commons has media related to: HSBC

• HSBC Group site
• HSBC Private Bank
• HSBC Hong Kong
• HSBC Costa Rica
• HSBC Brazil
• HSBC Mexico
• HSBC Peru
• HSBC USA
• HSBC UK
• HSBC France
• HSBC Bank Canada
• Guy Sayer HSBC chairman - Daily Telegraph obituary

Links to related articles v • d • e HSBC Group Corporate directors: Safra Catz · Vincent Cheng · Marvin Cheung · John Coombe · José Durán · Rona Fairhead · Douglas Flint · Sandy Flockhart · William Fung · Michael Geoghegan (CEO) · Stephen Green (Chairman) · Stuart Gulliver · James Hughes-Hallett · William Laidlaw · Rachel Lomax · Sir Mark Moody-Stuart · Gwyn Morgan · Narayana Murthy · Simon Robertson · John Thornton · Sir Brian Williamson Brands: Bank of Bermuda · First Direct · Hang Seng Bank · HSBC · HSBC Bank International · HSBC Direct · HSBC Halbis Partners · HSBC Insurance · HSBC Insurance Brokers · HSBC Investments · HSBC Premier · HSBC Private Bank · HSBC Rail · HSBC Trinkaus · M&S Money · Proa · SABB Principal local banks: Argentina · Australia · Bermuda · Brazil · Canada · Chile · China · Egypt · El Salvador · France · Germany · Hong Kong · Malaysia · Middle East · Malta · Mexico · Panama · Poland · Turkey · United Kingdom · United States Minority stakes and joint ventures: Bank of Communications (19%) · HSBC Saudi Arabia (60%) · British Arab Commercial Bank (47%)  · SABB (40%) · Wells Fargo HSBC Trade Bank (20%)  · Ping An (19.9%)  · Techcombank (15%)  · Bank of Shanghai (8%)  · Axis Bank (4.99%) Annual group revenue: $88.6 billion USD (▲1% FY 2008) · Employees: 296,000 · Stock symbols: LSE: HSBA, HKEX: 005, NYSE: HBC, Euronext: HSBC, BSX: 1077223879  · Group website: www.hsbc.com · Group Headquarters: 8 Canada Square, London, E14 5HQ, United Kingdom v • d • e FTSE 100 companies of the United Kingdom As of 21 December 2009. 3i · Admiral Group · Aggreko · Alliance Trust · AMEC · Anglo American · Antofagasta · Associated British Foods · AstraZeneca · Autonomy Corporation · Aviva · BAE Systems · BG Group · BHP Billiton · BP · BT Group · Barclays · British Airways · British American Tobacco · British Land Company · British Sky Broadcasting · Bunzl · Burberry Group · Cable & Wireless · Cadbury · Cairn Energy · Capita Group · Carnival · Centrica · Cobham · Compass Group · Diageo · Eurasian Natural Resources Corporation · Experian · Fresnillo · G4S · GlaxoSmithKline · HSBC · Hammerson · Home Retail Group · ICAP · Imperial Tobacco · Inmarsat · InterContinental Hotels Group · International Power · Intertek Group · Invensys · Johnson Matthey · Kazakhmys · Kingfisher · Land Securities Group · Legal & General · Liberty International · Lloyds Banking Group · London Stock Exchange Group · Lonmin · Man Group · Marks & Spencer · Wm Morrison Supermarkets · National Grid · Next · Old Mutual · Pearson · Petrofac · Prudential · RSA Insurance Group · Randgold Resources · Reckitt Benckiser · Reed Elsevier · Resolution · Rexam · Rio Tinto Group · Rolls-Royce Group · Royal Bank of Scotland Group · Royal Dutch Shell · SABMiller · Sage Group · J Sainsbury · Schroders · Scottish and Southern Energy · SEGRO · Serco Group · Severn Trent · Shire · Smith & Nephew · Smiths Group · Standard Chartered Bank · Standard Life · Tesco · Thomas Cook Group · TUI Travel · Tullow Oil · Unilever · United Utilities · Vedanta Resources · Vodafone · WPP Group · Whitbread · Wolseley · Xstrata v • d • e Hang Seng Index companies of Hong Kong Finance HSBC Holdings · Hang Seng Bank · Bank of East Asia · HKEx · China Construction Bank · Industrial and Commercial Bank of China · Ping An Insurance · BOC Hong Kong (Holdings) · China Life Insurance Company · Bank of Communications · Bank of China Utilities CLP Holdings · Hong Kong and China Gas · Hong Kong Electric · China Resources Power Property Cheung Kong · Henderson Land Development · Sun Hung Kai Properties · Sino Land · Hang Lung Properties · China Overseas Commercial & Industrial Wharf Holdings · Hutchison Whampoa · New World Development · Swire Pacific · MTR Corporation · China Merchants Holdings · CITIC Pacific · China Resources Enterprise · Cathay Pacific Airways · Esprit Holdings · Sinopec · Li & Fung · Tencent Holdings · China Unicom · CNOOC · PetroChina · China Mobile · China Shenhua · COSCO Pacific · Foxconn · Aluminum Corporation of China · v • d • e Major investment banks ABN Amro · Banc of America Securities · BMO Capital Markets · Barclays Capital · The Blackstone Group · BNP Paribas · CBRT · CIBC World Markets · Citigroup · CLSA · Credit Suisse · Daiwa Securities SMBC · Deutsche Bank · Dresdner Kleinwort · FBR Capital Markets · Goldman Sachs · Houlihan Lokey · HSBC · JPMorgan Chase · ING Group · KBC Bank · Keefe, Bruyette & Woods · Lazard · Macquarie Group · Mediobanca · Merrill Lynch · Mizuho Corporate Bank · Morgan Stanley · N M Rothschild & Sons · Nomura Securities · Oppenheimer & Co. · Piper Jaffray · Royal Bank of Scotland Group · RBC Capital Markets · Société Générale · Stifel Nicolaus · UBS · Wells Fargo