Search results
Results from the WOW.Com Content Network
HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is a wholly owned subsidiary of the global HSBC banking and financial group, which has been headquartered in London since 1993. The UK headquarters of HSBC is located at One Centenary Square in Birmingham.
HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
First Direct (styled first direct) is a telephone and internet based direct retail bank, which is division of HSBC UK Bank plc based in the United Kingdom.First Direct has headquarters in Leeds, England, and has 1.9 million customers. [1]
The largest of the "Big 4" banks in every relevant metric is HSBC Holding (the Hongkong and Shanghai Banking Corporation) which, despite its name, is a British universal bank and financial services group headquartered in London, with historical links to business in East Asia.
In 2009, HSBC Finance Corporation announced the discontinuation of loan originations of all products by its Consumer Lending business, but continue to service and collect the existing receivable portfolio as it runs off, while continuing efforts to reach out and assist mortgage customers with their loan repayments and home preservation. [10]
HSBC stated it had made a £250m profit on the deal. [10] In November 2009, HSBC once again sold the building, this time to the National Pension Service ("NPS"), the public pension fund for South Korea. HSBC's income statement on completion declared a gain of approximately £350million resulting from the transaction. [11]
In 2015 HSBC Bank completed the deal to forward purchase the building on a 250-year lease which will house UK business and personal banking services with up to 1,000 staff. The deal is the largest property deal in Birmingham since 2002.
Midland Bank was renamed HSBC Bank in June 1999, as part of the adoption of the HSBC brand throughout the Group. Prior to this, a Midland Bank branch in Croydon became the first to bear the HSBC name in the UK, albeit with "Midland Bank plc" still featuring on the plaque near the entrance.