HSBC Holdings plc is a British multinational financial services company.
• Revenue: $81.09 B
• Market Value: $167.7 B
It is headquartered in London, UK. It is the 3rd largest bank in the world in terms of assets. HSBC was established in 1865 to finance trade between Asia and Europe. In 1991, the Hongkong and Shanghai Banking Corporation founded HSBC Holdings. HSBC has its widespread global presence in 73 countries and territories through an international network of more than 6100 offices.
HSBC operates through 4 major segments – Commercial Banking, Global Banking and Markets, Private Banking, and Retail Banking and Wealth Management. In Commercial Banking segment, its relationship managers are supported by specialists in 4 fields – Global Trade and Receivables Finance, Payments and Cash Management, Global Capital Finance, and Insurance and Investments. The portfolio of Global Banking and Markets includes – Advisory, Financing, Prime Services, Research and Analysis, Securities Services, Trading and Sales, and Transaction Banking. The Private Banking segment offers tailored private banking, investment and wealth management services. The offerings of Retail Banking and Wealth Management include – HSBC Premier, HSBC Advance, Wealth Solutions and Financial Planning, and Personal Banking.