HSBC Holdings plc

Type Public limited company

SEHK: 005

Traded as LSE: HSBA NYSE: HBC Euronext : HSB BSX:1077223879

Industry Banking

Financial services

Investment services

Founded 1991[1]

(HSBC Holdings plc)

1865[2]

(The Hongkong and Shanghai Banking Corporation Limited)

Founder(s) Sir Thomas Sutherland

Headquarters 8 Canada Square,

Canary Wharf,

London, United Kingdom[3]

Number of locations 7,500 offices in 87 countries & territories[4]

Area served Worldwide

Key people Douglas Flint

(Group Chairman)

Stuart Gulliver

(Group Chief Executive)

Products Finance and insurance

Consumer Banking

Corporate Banking

Investment Banking

Investment Management

Global Wealth Management

Private Equity

Mortgages

Credit Cards

Revenue  US$ 98.918 billion (2010)[5]

Operating income  US$ 19.037 billion (2010)[5]

Profit  US$ 13.159 billion (2010)[5]

Total assets  US$ 2.454 trillion (2010)[5]

Total equity  US$ 147.667 billion (2010)[5]

Employees 306,300 (2010)[5]

Subsidiaries HSBC Bank plc

The Hongkong and Shanghai Banking Corporation

HSBC GLT India

HSBC Bank USA

HSBC Bank Middle East

HSBC Mexico

HSBC Bank Brazil

HSBC Finance

Website HSBC.com

HSBC Holdings plc (Chinese: 滙豐控股有限公司) is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom.[3] As of 2011, it was the world's second-largest banking and financial

services group and second-largest public company[6] according to a composite measure by Forbesmagazine.[7][8] It has around 7,500 offices in 87 countries and territories across Africa, Asia, Europe, North America and South America and around 100 million customers.[4][9] As of 30 June 2010, it had total assets of $2.418 trillion, of which roughly half were in Europe, a quarter in the Americas and a quarter in Asia.[5]

HSBC Holdings plc was founded in London in 1991 by The Hongkong and Shanghai Banking Corporation to act as a new group holding company and to enable the acquisition of UK-based Midland Bank.[1] The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865.[2] Today, HSBC remains the largest bank in Hong Kong, and recent expansion in mainland China, where it is now the largest international bank, has returned it to that part of its roots.[9][10]

HSBC is a universal bank and is organised within four business groups: Commercial Banking; Global Banking and Markets (investment banking); Personal Financial Services (retail banking); and Private Banking.[11]

HSBC's primary listing is on the London Stock Exchange and it is a constituent of the FTSE 100 Index. It has secondary listings on the Hong Kong Stock Exchange (where it is a constituent of the Hang Seng Index), the New York Stock Exchange, Euronext Paris and the Bermuda Stock Exchange. As of August 2010, it was the largest company listed on the London Stock Exchange, with a market capitalisation of £115.8 billion.[12]