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This article is about the HSBC Group. For the Hong Kong bank, see The Hongkong and Shanghai Banking Corporation. HSBC Holdings plc is a British multinational banking and financial services holding company, tracing its origin to a hong in Hong Kong. HSBC has shk forex market 3,900 offices in 67 countries and territories across Africa, Asia, Oceania, Europe, North America and South America, and around 38 million customers.
As of 2014, it was the world’s sixth-largest public company, according to a composite measure by Forbes magazine. In February 2015 the International Consortium of Investigative Journalists released information about the business conduct of HSBC under the title Swiss Leaks. The ICIJ alleges that the bank profited from doing business with tax evaders and other clients. HSBC because of the bank’s advertising. The HSBC Main Building in 1901 in Hong Kong, the headquarters of the Hong Kong and Shanghai Banking Corporation from 1886 to 1933 for its Hong Kong operation. The HSBC Building in 2005 in Shanghai, the headquarters of the Hong Kong and Shanghai Banking Corporation from 1923 to 1955 for its Shanghai operation.
For more information on the history of HSBC prior to the founding of HSBC Holdings in 1991, see The Hongkong and Shanghai Banking Corporation. The Hongkong and Shanghai Bank” was founded by Scotsman Sir Thomas Sutherland in the then British colony of Hong Kong on 3 March 1865, and in Shanghai a month later, benefiting from the start of trading into China, including opium trading. In November 2002, HSBC expanded further in the United States. US credit card issuer and subprime lender. The new headquarters of HSBC Holdings at 8 Canada Square, London officially opened in April 2003.
In June 2004 HSBC expanded into China buying 19. In March 2009, HSBC announced that it would shut down the branch network of its HSBC Finance arm in the U. 6,000 job losses and leaving only the credit card business to continue operating. 2010 better than other global banks. According to Bloomberg, “HSBC is one of world’s strongest banks by some measures”. On 11 May 2011 the new chief executive Stuart Gulliver announced that HSBC would refocus its business strategy and that a large-scale retrenchment of operations, particularly in respect of the retail sector, was planned. On 23 September 2010, Geoghegan announced he would step down as chief executive of HSBC.
In August 2011 “to align our U. In 2012, HSBC was the subject of hearings of the U. On 16 July the committee presented its findings. 92 billion fine in this money laundering case. Bank officials repeatedly ignored internal warnings that HSBC’s monitoring systems were inadequate, the Justice Department said. In 2008, for example, the CEO of HSBC Mexico was told that Mexican law enforcement had a recording of a Mexican drug lord saying that HSBC Mexico was the place to launder money. A 32-page brochure published on the HSBC website provides details of 2012 results in terms of markets, strategies, and businesses, as well as giving an outline of future plans.