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In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA). [4] HSBC traces its origin to a hong trading house in British Hong Kong. The bank was established in 1865 in Hong Kong and opened branches in Shanghai in the same year. [1] It was first formally incorporated in 1866. [8]
In February 2021 it was reported that HSBC is planning to pull out of all retail banking in the United States and that it is exploring a sale of its remaining 150 branches. [ 14 ] [ 15 ] These reports proved true; on May 26, 2021, HSBC announced that it would abandon the United States retail market as part of a pivot to Asia.
At Nationwide’s half-year results in November 2021, the Society stated that its profits had more than doubled versus the same period last year to £853million.” [13] In May 2022 the Society announced its best ever financial results since it was founded in 1884 when it recorded a profit of £1.6bn for its financial year 2021/2022.
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.
Nationwide Building Society: 446.95 80 China Zheshang Bank: 443.37 81 Oversea-Chinese Banking Corporation: 441.53 82 Bank of Shanghai: 435.14 83 ABN AMRO: 417.72 84 BNY: 409.88 85 United Overseas Bank: 396.62 86 Banco Bradesco: 394.76 87 Nonghyup Bank: 394.46 88 Nomura Holdings: 388.42 89 Woori Financial Group: 384.04 90 KBC Group: 383.47 91 ...
HSBC Continental Europe, known until December 2020 as HSBC France SA, is a subsidiary of HSBC, headquartered in Paris. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank .
Effective March 15, 2010, BMO Bank of Montreal ceased accepting deposits at its ATMs from HSBC customers and resumed charging a convenience fee after five years of an ATM sharing agreement with HSBC Bank Canada. HSBC continues as a member of The Exchange Network. This was a decision HSBC took as part of a restructuring of its personal banking ...
HSBC has made significant contributions to the establishment of solid foundations for Thailand's financial and banking sectors. For example, in 1889 HSBC issued the first banknotes in Thailand. HSBC also issued the first foreign loan to the Thai government for its railroad construction project. HSBC's main branch office in Thailand is situated ...