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Swot Analysis Of Hsbc

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In the following part, it will cover a detailed description of HSBC and it will include the background information of HSBC, its size of scale, its business ownership type and purpose and aims of HSBC. HSBC Holdings plc is a British-based multinational banking which is a public limited company and it provides financial services which it’s headquarter located in London, The United Kingdom. It first established in 1865 in Hong Kong and first incorporated in 1866 known as The Hong Kong and Shanghai Banking and later established in London in 1991. To total assets, it is the world’s fourth largest bank and in 2015, its total assets reached US$2.41 trillion. To be the world’s largest banking and financial services, it serves more than 45 million customers to provide four global businesses and it includes Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking from 71 countries in Europe, Asia, the Middle East and …show more content…

 Government: Legislation was passed in the UK requiring that certain universal banks such as HSBC which offer financial services or ring-fence because of global economic crisis in 2007 led to a regulatory reforms across the financial services so this legislation is designed to protect the taxpayer and wider economy in another crisis so HSBC Group is required to make certain structural changes in the UK. Also, the principles of Foreign Account Tax Compliance Act(FATCA) have been brought into UK law and HSBC needs to provide information on US accounts to the local tax authority , HM Revenue and

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