Hsbc Case Study

HSBC is a British multinational banking and financial service company. Its headquarters is in London United Kingdom and is the world’s fourth largest bank with total assets of us$2.6 trillion. HSBC name is initially derived from Hong Kong and Shanghai banking corporation. It has 6600 offices around 80 countries and territories across Africa Asia Europe North America with 60 million customers. The bank is organized within four business groups’ global banking and markets, retail banking and wealth management, and global private banking. It has dual list on Hong Kong Stock Exchange and London Stock Exchange and is the constituent of Hang Sang Index and FTSE 100 Index and also has secondary listings on New York Stock Exchange Euronext Paris and

The Hong Kong and Shanghai Bank was founded by Scotsman Sir Thomas Sutherland in British colony of honking in 1865 and in shanghai a month later benefiting on the start of trading into china including opium trading then it was incorporated as the honking and shanghai Banking Corporation by the ordinance of legislative council of honking on 14th august 1866.

On 1980 bank acquired around 51% of shareholding in us based marine midland bank which

Extended to full ownership in 1987. Legislative council renamed the bank on 6th October 1989 by an amendment to its governing ordinance originally made in 1929. The name became The Honking and shanghai Banking Corporation limited which became registered as regulated bank with then the Bank Commissioner of Government of Honking.

The bank incorporated in England and Wales in United Kingdom as Verna Trading Company Limited on 1st January 1959 and was again renamed as Verna Eastern Agencies Limited was then a non-trading dormant shelf company under a different nominal name in 1991 into the parent holding company to the honking and shanghai banking corporation limited now as a subsidiary and prepare for its purchase of UK Based Midland Bank and the impending the transfer of sovereignty of honking to

The major acquisition started in South America with the purchase of Bunco Bamerindus of Brazil for $1billion in March 1997 and the acquisition of Roberts SA Inversions of Argentina for $600million in May 1997. On May 1999 HSBC expanded its presence in United States with the purchase of Republic National Bank of New York for $10.3 billion.

The announcement in November 1998 was made that HSBC brand and the hexagon symbol would be adopted as the unified brand in all the markets where HSBC operates with aim of enhancing recognition of group and its value by customer’s shareholders and their staff throughout the world.

The bank provides financial services to small and medium sized and the middle market enterprises. Their group has more than 3milion of such customers including partnerships club and associations and publicly quoted companies. These were the use of the commercial banks of