HSBC Full Form
HSBC Full Form-What is HSBC?The World’s Largest Banking Group : HSBC is one of the world’s largest banking and financial services organisations. HSBC serves more than 40 million customers through there global businesses.
HSBC Full Form
|Hongkong and Shanghai Banking Corporation|
What is HSBC?
HSBC is one of the world’s largest banking and financial services organisations. We serve more than 40 million customers through our global businesses and offices in around 80 countries and territories in Europe, Asia, the Middle East, North and Latin America, and the Caribbean. With operations in more than 80 countries, HSBC serves one in four of the world’s population, and our network links up to 800 branches, 2000 ATMs and over 46,000 PoS (Point of Sale) terminals. We have built strong businesses in nearly every major financial centre in the world and in 2016 completed the most mergers and acquisitions (M&A) of any bank worldwide. The HSBC Group, which has been in existence for 250 years, has a current market capitalisation of £221 billion (as at 27 October 2016), and more than $2.
What do HSBC do?
HSBC operates in more than 60 countries and territories in the Americas, Europe and Asia Pacific, and employs more than 64,000 people. Advertisement How much money does HSBC make? In 2016, the bank had total revenue of £91.1 billion and made a profit of £14.8 billion. How does it make money? HSBC sells its products and services through a network of approximately 60,000 locations in more than 200 countries and territories. Its core products include current accounts, mortgages, personal loans, credit cards, insurance and investment banking services. Where is HSBC based? HSBC has its headquarters in the UK in the centre of London. As a bank, it focuses on the development of global networks and serves a wide range of commercial and private banking clients.
What are HSBC’s core values?
HSBC values transparency, integrity, flexibility and innovation. We believe that these core values drive the strategic direction of our business. What are HSBC’s own words? “The people of HSBC: not only our customers, but our colleagues, friends and partners. We consider ourselves the world’s favourite bank – a bank that looks after you. For us, your bank is a safe haven that helps provide you with freedom and trust.” “Our core values make up the core of our organisation, guiding us every day. One of the key aspects of these values is that we do not put profits before people.” “My job is to make you feel safe. I am your protector. Your hero.
HSBC’s history :
The family firm that began in 1865, HSBC Holdings plc, is a transnational banking and financial services institution, incorporated in England and Wales, regulated by the Prudential Regulation Authority and the Financial Conduct Authority, and based in London. Our insurance operations are separately registered and regulated by the Prudential Regulation Authority and the Financial Conduct Authority. We also have major operations in the United States, Canada, Mexico, Brazil, Hong Kong, the United Arab Emirates, and around the world. HSBC operates in all major financial sectors of the global economy and provides services to customers in more than 175 countries and territories in Europe, Asia, the Americas, Africa, the Middle East and Australia.
HSBC’s future :
Our vision is to be one of the world’s leading providers of financial services. We do this by embracing our international network to better serve our local markets and by continuing to transform to meet changing customer needs, whether by mobile, internet, call, messenger or any other innovative way. HSBC will continue to thrive and expand. Over the last 20 years, the global economy has changed dramatically. We are, therefore, transforming to meet the needs of our customers. We are investing for the future: technology, innovation and people, all aimed at helping us serve our customers better. By embracing these changes, we believe we can stay ahead in a challenging and changing environment.
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