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HSBC
HSBC
Holdings plc is a British[6] multinational banking and financial services holding company, tracing its origin to a hong in Hong Kong. It is the world's seventh largest bank by total assets and the largest in Europe with total assets of US$2.374 trillion (as of December 2016[update]). It was established in its present form in London
London
in 1991 by The Hongkong and Shanghai Banking Corporation
The Hongkong and Shanghai Banking Corporation
to act as a new group holding company.[7][8] The origins of the bank lie mainly in Hong Kong
Hong Kong
and to a lesser extent in Shanghai, where branches were first opened in 1865.[1] The HSBC
HSBC
name is derived from the initials of the Hongkong and Shanghai
Shanghai
Banking
Banking
Corporation.[9] The company was first formally incorporated in 1866. The company continues to see both the United Kingdom
United Kingdom
and Hong Kong
Hong Kong
as its "home markets".[10] HSBC
HSBC
has around 3,900 offices in 67 countries and territories across Africa, Asia, Oceania, Europe, North America and South America, and around 38 million customers.[11] As of 2014, it was the world's sixth-largest public company, according to a composite measure by Forbes
Forbes
magazine.[12] HSBC
HSBC
is organised within four business groups: Commercial Banking; Global Banking
Banking
and Markets (investment banking); Retail Banking
Banking
and Wealth Management; and Global Private Banking.[13][14] HSBC
HSBC
has a dual[15] primary listing on the Hong Kong
Hong Kong
Stock Exchange and London Stock Exchange
London Stock Exchange
and is a constituent of the Hang Seng Index and the FTSE 100 Index. As of 6 July 2012 it had a market capitalisation of £102.7 billion, the second-largest company listed on the London
London
Stock Exchange, after Royal Dutch Shell.[16] It has secondary listings on the New York Stock Exchange, Euronext Paris and the Bermuda Stock Exchange. In February 2015 the International Consortium of Investigative Journalists released information about the business conduct of HSBC under the title Swiss Leaks. The ICIJ alleges that the bank profited from doing business with tax evaders and other clients.[17] The BBC reported that HSBC
HSBC
had put pressure on media not to report about the controversy, with British newspaper The Guardian
The Guardian
claiming HSBC advertising had been put "on pause" after The Guardian's coverage of the matter.[18] Peter Oborne, chief political commentator at The Daily Telegraph resigned from the paper; in an open letter he claimed the newspaper suppressed negative stories and dropped investigations into HSBC
HSBC
because of the bank's advertising.[19] In 2016, HSBC
HSBC
was sued by Mexican families involved in deaths by organised crime gangs for processing funds ("money laundering") for the Sinaloa Cartel.[20]

Contents

1 History

1.1 Origins, and until 2000 1.2 2000 to 2010 1.3 2010 to 2013 1.4 Since 2013

2 Operations

2.1 Principal subsidiaries

2.1.1 Asia Pacific 2.1.2 Europe 2.1.3 Americas 2.1.4 Middle East and North Africa

2.2 Principal business groups and divisions

2.2.1 Commercial Banking 2.2.2 Global Banking
Banking
and Markets 2.2.3 Global Private Banking 2.2.4 Retail banking
Retail banking
and wealth management 2.2.5 Group service centres

3 Global product lines

3.1 HSBC
HSBC
Direct 3.2 HSBCnet 3.3 HSBC
HSBC
Advance 3.4 HSBC
HSBC
Premier

4 Leadership 5 Controversies

5.1 Money laundering 5.2 2012 US Senate investigation 5.3 $3.5 billion currency scheme 5.4 Forex scandal 5.5 Libor and Euribor 5.6 Other controversies

5.6.1 Deforestation 5.6.2 Gaddafi regime in Libya 5.6.3 Heavy-handed application of money-laundering rules 5.6.4 Payments-processing failures

6 Logo 7 Sponsorships 8 See also 9 References 10 External links

History[edit] Origins, and until 2000[edit]

The HSBC
HSBC
Main Building in 1901 in Hong Kong, the headquarters of the Hong Kong
Hong Kong
and Shanghai
Shanghai
Banking
Banking
Corporation from 1886 to 1933 for its Hong Kong
Hong Kong
operation.

The HSBC
HSBC
Building in 2005 in Shanghai, the headquarters of the Hong Kong and Shanghai
Shanghai
Banking
Banking
Corporation from 1923 to 1955 for its Shanghai
Shanghai
operation.

For more information on the history of HSBC
HSBC
prior to the founding of HSBC
HSBC
Holdings in 1991, see The Hongkong and Shanghai
Shanghai
Banking Corporation. "The Hongkong and Shanghai
Shanghai
Bank" was founded by Scotsman Sir Thomas Sutherland in the then British colony of Hong Kong
Hong Kong
on 3 March 1865, and in Shanghai
Shanghai
a month later, benefiting from the start of trading into China, including opium trading.[21] It was formally incorporated as "The Hongkong and Shanghai
Shanghai
Banking
Banking
Corporation" by an Ordinance of the Legislative Council of Hong Kong
Hong Kong
on 14 August 1866.[2] In 1980, HSBC
HSBC
acquired a 51% shareholding in US-based Marine Midland Bank, which it extended to full ownership in 1987. On 6 October 1989, it was renamed by the Legislative Council, by an amendment to its governing ordinance originally made in 1929, "The Hongkong and Shanghai
Shanghai
Banking Corporation Limited", and became registered as a regulated bank with the then Banking
Banking
Commissioner of the Government of Hong Kong.[22] " HSBC
HSBC
Holdings plc", originally incorporated in England and Wales, in the United Kingdom, as "Vernat Trading Company Limited" on 1 January 1959 and then renamed "Vernat Eastern Agencies Limited" later in the same year,[23] was by then a non-trading, dormant shelf company under a different, nominal name, when it completed its transformation on 25 March 1991[3] into the parent holding company to the Hongkong and Shanghai
Shanghai
Banking
Banking
Corporation Limited now as a subsidiary, in preparation for its purchase of the UK-based Midland Bank
Midland Bank
and the impending transfer of sovereignty of Hong Kong
Hong Kong
to China. HSBC Holdings' acquisition of Midland Bank
Midland Bank
was completed in 1992 and gave HSBC
HSBC
a substantial market presence in the United Kingdom. As part of the takeover conditions for the acquisition, HSBC
HSBC
Holdings plc was required to relocate its world headquarters from Hong Kong
Hong Kong
to London in 1993.[24] Major acquisitions in South America started with the purchase of the Banco Bamerindus of Brazil
Brazil
for $1bn in March 1997[25] and the acquisition of Roberts SA de Inversiones of Argentina for $600m in May 1997.[26] In May 1999, HSBC
HSBC
expanded its presence in the United States with the purchase of Republic National Bank
Bank
of New York for $10.3bn.[27] 2000 to 2010[edit]

The HSBC
HSBC
Main Building in Hong Kong, which was designed by Norman Foster and completed in 1985

Expansion into Continental Europe
Continental Europe
took place in April 2000 with the acquisition of Crédit Commercial de France, a large French bank for £6.6bn.[28] In July 2001 HSBC
HSBC
bought Demirbank, an insolvent Turkish bank.[29] In July 2002, Arthur Andersen announced that HSBC
HSBC
USA, Inc., through a new subsidiary, Wealth and Tax Advisory Services USA Inc. (WTAS), would purchase a portion of Andersen's tax practice. The new HSBC
HSBC
Private Client Services Group would serve the wealth and tax advisory needs of high-net-worth individuals. Then in August 2002 HSBC acquired Grupo Financiero Bital, SA de CV, Mexico's third largest retail bank for $1.1bn.[30] In November 2002, HSBC
HSBC
expanded further in the United States. Under the chairmanship of Sir John Bond, it spent £9 billion (US$15.5 billion) to acquire Household Finance
Finance
Corporation (HFC), a US credit card issuer and subprime lender.[31] In a 2003 cover story, The Banker noted "when banking historians look back, they may conclude that [it] was the deal of the first decade of the 21st century".[32] Under the new name of HSBC
HSBC
Finance, the division was the second largest subprime lender in the US.[33] The new headquarters of HSBC
HSBC
Holdings at 8 Canada Square, London officially opened in April 2003.[34] In September 2003 HSBC
HSBC
bought Polski Kredyt Bank
Bank
SA of Poland for $7.8m.[35] In June 2004 HSBC
HSBC
expanded into China buying 19.9% of the Bank of Communications
Bank of Communications
of Shanghai.[36] In the United Kingdom
United Kingdom
HSBC acquired Marks & Spencer Retail Financial Services Holdings Ltd for £763m in December 2004.[37] Acquisitions in 2005 included Metris Inc, a US credit card issuer for $1.6bn in August[38] and 70.1% of Dar es Salaam Investment Bank
Bank
of Iraq in October.[39] In April 2006, HSBC bought the 90 branches in Argentina of Banca Nazionale del Lavoro
Banca Nazionale del Lavoro
for $155m.[40] In December 2007 HSBC
HSBC
acquired the Chinese Bank
Bank
in Taiwan.[41] In May 2008, HSBC
HSBC
acquired IL&FS Investment, an Indian retail broking firm.[42] In 2005, Bloomberg Markets magazine accused HSBC
HSBC
of money-laundering for drug dealers and state sponsors of terrorism. Then-CEO Stephen Green said that "This was a singular and wholly irresponsible attack on the bank's international compliance procedures", but subsequent investigation indicated that it was accurate and proved that the bank was involved in money laundering for the Sinaloa Cartel
Sinaloa Cartel
and throughout Mexico.[43][44][45][46][47] U.S. Assistant Attorney General Lanny Breuer characterised HSBC
HSBC
compliance during this period as "stunning failures of oversight – and worse ... The record of dysfunction that prevailed at HSBC
HSBC
for many years was astonishing."[48] In March 2009, HSBC
HSBC
announced that it would shut down the branch network of its HSBC Finance
HSBC Finance
arm in the U.S., leading to nearly 6,000 job losses and leaving only the credit card business to continue operating.[49][50] Chairman
Chairman
Stephen Green stated, " HSBC
HSBC
has a reputation for telling it as it is. With the benefit of hindsight, this is an acquisition we wish we had not undertaken."[51] According to analyst Colin Morton, "the takeover was an absolute disaster".[50][52] Although it was at the centre of the subprime storm, the wider group has weathered the financial crisis of 2007–2010 better than other global banks. According to Bloomberg, " HSBC
HSBC
is one of world's strongest banks by some measures".[53] When HM Treasury
HM Treasury
required all UK banks to increase their capital in October 2007, the group transferred £750 million to London
London
within hours, and announced that it had just lent £4 billion to other UK banks.[54] In March 2009, it announced that it had made US$9.3bn of profit in 2008 and announced a £12.5bn (US$17.7bn; HK$138bn) rights issue to enable it to buy other banks that were struggling to survive.[55] However, uncertainty over the rights' issue's implications for institutional investors caused volatility in the Hong Kong
Hong Kong
stock market: on 9 March 2009 HSBC's share price fell 24.14%, with 12 million shares sold in the last few seconds of trading.[56] 2010 to 2013[edit]

8 Canada Square, the world headquarters of HSBC
HSBC
in Canary Wharf, London

On 11 May 2011 the new chief executive Stuart Gulliver
Stuart Gulliver
announced that HSBC
HSBC
would refocus its business strategy and that a large-scale retrenchment of operations, particularly in respect of the retail sector, was planned. HSBC
HSBC
would no longer seek to be 'the world's local bank', as costs associated with this were spiralling and US$3.5bn needed to be saved by 2013, with the aim of bringing overheads down from 55% of revenues to 48%. In 2010, then-chairman Stephen Green planned to depart HSBC
HSBC
to accept a government appointment in the Trade Ministry. Group Chief Executive Michael Geoghegan was expected to become the next chairman. However, while many current and former senior employees supported the tradition of promoting the chief executive to chairman, many shareholders instead pushed for an external candidate.[57][58] HSBC's board of directors had reportedly been split over the succession planning, and investors were alarmed that this row would damage the company.[59] On 23 September 2010, Geoghegan announced he would step down as chief executive of HSBC.[60] He was succeeded as chief executive of HSBC
HSBC
by Stuart Gulliver, while Green was succeeded as Chairman
Chairman
by Douglas Flint; Flint was serving as HSBC's finance director (chief financial officer). August 2011: Further to CEO Stuart Gulliver's plan to cut $3.5 billion in costs over the next 2 years, HSBC
HSBC
announced that it will cut 25,000 jobs and exit from 20 countries by 2013 in addition to 5,000 job- cuts announced earlier in the year. The consumer banking division of HSBC
HSBC
will focus on the UK, Hong Kong, high-growth markets such as Mexico, Singapore, Turkey and Brazil, and smaller countries where it has a leading market share.[61] According to Reuters, Chief Executive Stuart Gulliver
Stuart Gulliver
told the media, "There will be further job cuts. There will be something like 25,000 roles eliminated between now and the end of 2013."[62][63] In August 2011 "to align our U.S. business with our global network and meet the local and international needs of domestic and overseas clients", HSBC
HSBC
agreed to sell 195 branches in New York and Connecticut to First Niagara Financial Group Inc, and divestures to KeyCorp, Community Bank, N.A.
Community Bank, N.A.
and Five Star Bank
Five Star Bank
for around $1 billion, and announced the closure of 13 branches in Connecticut
Connecticut
and New Jersey. The rest of HSBC's U.S. network will only be about half from a total 470 branches before divestments.[64] On 9 August 2011, Capital One Financial Corp. agreed to acquire HSBC's U.S. credit card business for $2.6 billion,[65] netting HSBC
HSBC
Holdings an estimated after-tax profit of $2.4 billion.[66] In September it was announced that HSBC
HSBC
seeks to sell its general insurance business for around $1 billion.[67] In 2012, HSBC
HSBC
was the subject of hearings of the U.S. Senate permanent subcommittee for investigations for severe deficiencies in its anti-money laundering practices (see #Controversies). On 16 July the committee presented its findings.[68][69][70] Among other things it concluded that HSBC
HSBC
had been transferring $7 billion in banknotes from its Mexican to its US subsidiary (much of it related to drug dealing[71]), was disregarding terrorist financing links[45] and was actively circumventing U.S. safeguards to block transactions involving terrorists, drug lords and rogue regimes, including hiding $19.4 billion in transactions with Iran. This investigation followed on from a probe by the US Federal Reserve and Office of the Comptroller of the Currency found that there was "significant potential for unreported money laundering or terrorist financing".[72] On 11 December 2012, HSBC
HSBC
agreed to pay a record $1.92 billion fine in this money laundering case. " Bank
Bank
officials repeatedly ignored internal warnings that HSBC's monitoring systems were inadequate, the Justice Department said. In 2008, for example, the CEO of HSBC
HSBC
Mexico was told that Mexican law enforcement had a recording of a Mexican drug lord saying that HSBC Mexico
HSBC Mexico
was the place to launder money."[73] The DOJ, however, decided not to pursue criminal penalties, a decision which the New York Times
New York Times
labelled a "dark day for the rule of law."[74] HSBC
HSBC
chief executive Stuart Gulliver
Stuart Gulliver
said: "We accept responsibility for our past mistakes. We have said we are profoundly sorry for them, and we do so again."[73] A 32-page brochure published on the HSBC
HSBC
website provides details of 2012 results in terms of markets, strategies, and businesses, as well as giving an outline of future plans.[75] In July 2013, Alan Keir was appointed Chief Executive of HSBC
HSBC
Bank
Bank
plc after Brian Robertson resigned from his post. Keir's duties include overseeing the firm's UK, European, Middle Eastern and African divisions.[76] Since 2013[edit] In June 2014, an indirect wholly owned subsidiary HSBC
HSBC
Life (UK) Limited agreed to sell its £4.2 billion UK pensions business to Swiss Re.[77] In February 2015 the International Consortium of Investigative Journalists released information about the business conduct of HSBC under the title Swiss Leaks
Swiss Leaks
based on the 2007 hacked HSBC
HSBC
account records from whistleblower Hervé Falciani. The ICIJ alleges that the bank profited from doing business with corrupt politicians, dictators, tax evaders, dealers of blood diamonds, arms dealers and other clients.[17] US Senate investigators in 2012 had sought the hacked HSBC
HSBC
account records from Falciani and French authorities, but never received the data.[78] HSBC
HSBC
announced in August 2015 that it would be selling its Brazilian unit to Banco Bradesco
Banco Bradesco
for $5.2 billion following years of disappointing performance.[79] In 2015, HSBC
HSBC
was recognised as the most trusted foreign bank in India by The Brand Trust Report 2015.[80] In 2016, the bank was mentioned numerous times in connection with the Panama Papers
Panama Papers
investigation. Many Syrians were angered when their accounts were judged high-risk and closed, despite the bank reportedly telling Mossack Fonseca
Mossack Fonseca
it was "comfortable" with Rami Makhlouf as a customer, even though US Treasury sanctions against him were in effect at the time.[81] In May 2016, HSBC
HSBC
announced that it would shut 24 of its 50 branches in India over the following several months, reducing its presence in the country to fourteen cities.[82] On 20 March 2017, the British newspaper The Guardian
The Guardian
reported that hundreds of banks had helped launder KGB-related funds out of Russia, as uncovered by an investigation named Global Laundromat. HSBC
HSBC
was listed among the 17 banks in the UK that were "facing questions over what they knew about the international scheme and why they did not turn away suspicious money transfers," as HSBC
HSBC
"processed $545.3m in Laundromat cash, mostly routed through its Hong Kong
Hong Kong
branch." Other banks facing scrutiny under the investigation included the Royal Bank of Scotland, NatWest, Lloyds, Barclays
Barclays
and Coutts.[83] In response, HSBC
HSBC
stated that it was against financial crime, and that the case "highlights the need for greater information sharing between the public and private sectors."[84] On 1 October 2017, Mark Tucker succeeded Douglas Flint
Douglas Flint
as Group Chairman
Chairman
of HSBC, the first non-executive and outside chairman appointed by the group.[85] Also in October 2017, HSBC
HSBC
announced that John Flint, Chief Executive of Retail Banking
Banking
and Wealth Management, would succeed Stuart Gulliver
Stuart Gulliver
as Group Chief Executive on 21 February 2018.[86] Operations[edit]

A map showing the countries of the world in which HSBC
HSBC
currently has operations

HSBC
HSBC
has its world headquarters at 8 Canada Square
8 Canada Square
in Canary Wharf, London.[87] HSBC
HSBC
has a significant presence in each of the world's major financial markets, with the Americas, Asia Pacific and Europe each representing around one third of its business. HSBC
HSBC
is the largest bank in Hong Kong and prints most of Hong Kong's local currency in its own name. As of 2014, according to Relsbank, HSBC
HSBC
was the fourth-largest bank in the world by assets (with $2,670.00  billion), the second largest in terms of revenues (with $146.50 billion) and the largest in terms of market value (with $180.81 billion). It was also the most profitable bank in the world with $19.13 billion in net income in 2007 (compared to Citigroup's $3.62 billion and Bank
Bank
of America's $14.98 billion in the same period).[88] In June 2006, The Economist
The Economist
stated that since the end of 2005 HSBC
HSBC
has been rated the largest banking group in the world by Tier 1 capital.[89] In June 2014 The Banker
The Banker
ranked HSBC
HSBC
first in Western Europe and 5th in the world for Tier 1 capital.[90] In February 2008, HSBC
HSBC
was named the world's most valuable banking brand by The Banker
The Banker
magazine.[91][92] HSBC
HSBC
is known for a conservative and risk-averse approach to business – a company tradition going back to the 19th century.[93] In its technical management, however, HSBC
HSBC
has recently suffered a series of headline-making incidents in which some customer data were allegedly leaked or simply went missing. Although the consequences turned out to be small, the embarrassing effect on the group's image did not go unnoticed.[94] HSBC
HSBC
has been audited by PwC, one of the Big Four auditors since 2015.[95] HSBC
HSBC
entered Brunei in 1947. However, on April 2016, HSBC
HSBC
commenced winding down its operations in the country citing HSBC
HSBC
Group’s global review to optimise its global network and reduce complexity as outlined during the HSBC
HSBC
Investor Update on 9 June 2015.[96][97] In preparation for Brexit, HSBC
HSBC
announced that it will be facing as much as $300 million in legal and relocation fees as it plans to relocate 1,000 staff members from London
London
to Paris.[98] In the second quarter of 2017, the bank had $4 million in charges for “costs associated with the U.K.’s exit from the EU”.[98]  HSBC
HSBC
plans to move roughly one-fifth of its London-based investment bankers to its Paris offices in order to maintain a continuous access point to the European Union’s single market.[98] While its headquarters will remain in London,[99] the staff movement is expected to avoid a loss of $1 billion of revenue after Brexit.[100]

HSBC
HSBC
Bank
Bank
in George Town, Penang, Malaysia

Principal subsidiaries[edit]

The HSBC
HSBC
building in Manila, Philippines

HSBC
HSBC
Group Service Centre, Sri Lanka

Asia Pacific[edit]

HSBC
HSBC
Bank
Bank
Armenia HSBC Bank Australia
HSBC Bank Australia
Limited HSBC
HSBC
Bank
Bank
India The Hongkong and Shanghai Banking Corporation
The Hongkong and Shanghai Banking Corporation
Ltd

Hang Seng Bank
Hang Seng Bank
Ltd HSBC Bank (China)
HSBC Bank (China)
Company Ltd

HSBC Bank Malaysia
HSBC Bank Malaysia
Berhad HSBC
HSBC
Japan HSBC
HSBC
Korea HSBC
HSBC
Bank
Bank
Indonesia HSBC
HSBC
Bangladesh HSBC
HSBC
Bank
Bank
Philippines HSBC
HSBC
Sri Lanka
Sri Lanka
(ශ්‍රී ලංකාව) HSBC
HSBC
Singapore HSBC
HSBC
Taiwan HSBC
HSBC
Thailand HSBC
HSBC
Bank
Bank
Vietnam

Europe[edit]

HSBC
HSBC
Mongolia HSBC
HSBC
France HSBC Trinkaus
HSBC Trinkaus
und Burkhardt AG HSBC
HSBC
Bank
Bank
International – the offshore banking arm of the HSBC Group, focusing on providing offshore solutions and cross border services to expatriates and migrants.[101] It provides a full range of multi-currency personal banking services to a range of customer segments, including a full internet banking and telephone banking service. Sometimes referred to as " HSBC
HSBC
Offshore", the business also offers independent financial planning, and has representative offices all over the world, often working alongside local HSBC
HSBC
operations in those regions. HSBC Bank International originated from the business started by Midland Bank
Midland Bank
and is based in the Channel Islands
Channel Islands
with further operations on the Isle of Man. Its operations in the Channel Islands are centred around its headquarters on the seafront in St Helier, Jersey. HSBC
HSBC
Bank
Bank
Malta plc HSBC
HSBC
Bank
Bank
A.Ş. HSBC Private Bank
HSBC Private Bank
(UK) Ltd HSBC
HSBC
UK Bank
Bank
plc HSBC
HSBC
Bank
Bank
plc

Americas[edit]

HSBC
HSBC
Bank
Bank
USA HSBC
HSBC
Bank
Bank
Canada HSBC
HSBC
Bank
Bank
Bermuda HSBC
HSBC
Mexico HSBC Finance
HSBC Finance
Corporation

Middle East and North Africa[edit]

HSBC
HSBC
has maintained its presence in Beirut, Lebanon
Lebanon
ever since 1946, thus the first in the middle east

HSBC Bank Middle East
HSBC Bank Middle East
Ltd HSBC Bank Egypt SAE The Saudi British Bank

Principal business groups and divisions[edit] HSBC
HSBC
organises its customer-facing activities within four business groups: Commercial Banking; Global Banking
Banking
and Markets (investment banking); Retail Banking
Banking
and Wealth Management (RBWM); and Global Private Banking.[13] Commercial Banking[edit] HSBC
HSBC
provides financial services to small, medium-sized and middle-market enterprises. The group has more than 2 million of such customers, including sole proprietors, partnerships, clubs and associations, incorporated businesses and publicly quoted companies.[102] Global Banking
Banking
and Markets[edit] Global Banking
Banking
and Markets is the investment banking arm of HSBC. It provides investment banking and financing solutions for corporate and institutional clients, including corporate banking, investment banking, capital markets, trade services, payments and cash management, and leveraged acquisition finance. It provides services in equities, credit and rates, foreign exchange, money markets and securities services, in addition to asset management services. Global Banking
Banking
and Markets has offices in more than 60 countries and territories worldwide, and describes itself as "emerging markets-led and financing-focused".[103] It is currently being led by former fixed-income trader Samir Assaf, who was promoted from global head of markets on 10 December 2010.[104] Global Private Banking[edit] Main article: HSBC
HSBC
Private Bank

The main London
London
office of HSBC Private Bank
HSBC Private Bank
in St James's

HSBC Private Bank
HSBC Private Bank
is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC
HSBC
Group worldwide. HSBC
HSBC
Private Bank, together with the private banking activities of HSBC
HSBC
Trinkaus, known collectively as Group Private Banking, provides services to high-net-worth individuals and their families through 93 locations in some 42 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. According to the Scorpio Partnership Global Private Banking
Banking
Benchmark 2014, the bank had 382 USD Bn of assets under management (AuM) a decrease of 4% on the 2013 figure.[105] In September 2008, HSBC
HSBC
announced that it would combine its two Swiss private banks under one brand name in 2009, with HSBC
HSBC
Guyerzeller and HSBC Private Bank
HSBC Private Bank
to be merged into one legal entity, under the newly appointed CEO of HSBC
HSBC
Private Bank, Alexandre Zeller.[106] Retail banking
Retail banking
and wealth management[edit] HSBC
HSBC
provides more than 54 million[107] customers worldwide with a full range of personal financial services, including current and savings accounts, mortgage loans, car financing, insurance, credit cards, loans, pensions and investments. Retail Banking
Banking
and Wealth Management (also known as RBWM) was previously referred to as Personal Financial Services (PFS). This rename was announced during HSBC's 2011 Investor Day.[108] Group service centres[edit]

HSBC
HSBC
office in Visakhapatnam

The HSBC
HSBC
Global Technology Centre in Pune, India[109]

As a cost-saving measure HSBC
HSBC
is offshoring processing work to lower cost economies in order to reduce the cost of providing services in developed countries. These locations take on work such as data processing and customer service, but also internal software engineering at Pune
Pune
(India), Gurgaon (India), Bangalore (India), Chennai (India), Hyderabad (India), Vishakhapatnam
Vishakhapatnam
(India), Kolkata (India), Guangzhou
Guangzhou
(China), Curitiba
Curitiba
(Brazil) and Kuala Lumpur (Malaysia). Chief Operating Officer Alan Jebson said in March 2005 that he would be very surprised if fewer than 25,000 people were working in the centres over the next three years: "I don't have a precise target but I would be surprised if we had less than 15 (global service centres) in three years' time." He went on to say that each centre cost the bank from $20m to $30m to set up, but that for every job moved the bank saves about $20,000 (£10,400).[110] Trades unions, particularly in the UK and US, blame these centres for job losses in developed countries, and also for the effective imposition of wage caps on their members.[110] Global product lines[edit] HSBC
HSBC
Direct[edit] HSBC
HSBC
Direct is a telephone/online direct banking operation which attracts customers through mortgages, accounts and savings. It was first launched in the USA[111] in November 2005 and is based on HSBC's 'First Direct' subsidiary in Britain which was launched in the 1980s. The service is now also available in Canada,[112] Taiwan,[113] South Korea,[114] Australia, France and India.[115] Poland is launching business direct in September 2009. In the US, HSBC
HSBC
Direct is now part of HSBC
HSBC
Advance.[116] HSBCnet[edit] HSBCnet provides access to transaction banking functionality – ranging from payments and cash management to trade services features – as well as to research and analytical content from HSBC. It also includes foreign exchange and money markets trading functionality. The system is used widely by HSBC's high-end corporate and institutional clients served variously by the bank's global banking and markets, commercial banking and global transaction banking divisions. HSBCnet is also the brand under which HSBC
HSBC
markets its global e-commerce proposition to its corporate and institutional clients.[117] HSBC
HSBC
Advance[edit] HSBC
HSBC
Advance is the group's product aimed at working professionals. The exact benefits and qualifications vary depending on country, but typically require a transfer of Salary of USD 1,500 or more every month or Maintain USD 25,000 of deposits in a Savings/Current Account or investments. Advantages may vary depending on country, such as day-to-day banking services including but not limited to a Platinum Credit Card, Advance ATM Card, Current Account and Savings Account. Protection plans and Financial Planning Services. A HSBC
HSBC
Advance customer enables the customer to open accounts in another country and transfer their credit history.[118] HSBC
HSBC
Premier[edit] HSBC
HSBC
Premier is the group's premium financial services product.[119] It has its own Elite Card entitled HSBC
HSBC
Premier World Card. The exact benefits and qualification criteria vary depending on country. Customers have a dedicated Premier Relationship Manager, global 24-hour access to call centres, free banking services and preferential rates. A HSBC
HSBC
Premier customer receives the HSBC
HSBC
Premier services in all countries that offer HSBC
HSBC
Premier, without having to meet that country's qualifying criteria ("Premier in One, Premier in All").[120] Leadership[edit]

Group Chairman: Mark Tucker (October 2017 to present) [121] Group Chief Executive: John Flint (February 2018 to present) [121]

Controversies[edit] Money laundering[edit] In both 2003 and 2010, U.S. regulators ordered HSBC
HSBC
to strengthen its anti-money laundering practices.[122] In October 2010, the United States OCC issued a Cease and Desist Order requiring HSBC
HSBC
to strengthen multiple aspects of its Anti-Money Laundering (AML) program. The identified problems included a once massive backlog of over 17,000 alerts identifying suspicious activity, failure to file timely suspicious activity reports with U.S. law enforcement, failure to conduct any due diligence to assess risks to HSBC
HSBC
affiliates before opening correspondent accounts for them, a three-year failure by HBUS from mid-2006 to mid-2009 to conduct any AML of $15 billion in bulk cash transactions from those same HSBC
HSBC
affiliates, failure to monitor $60 trillion in annual wire transfers by customers in countries rated lower risk by HBUS, and inadequate and unqualified AML staffing, resources, and leadership. It was noted that HSBC
HSBC
fully cooperated with the Senate investigation.[123] On 19 July 2012, India investigated alleged violation of safety compliance, in which Indian employees were believed to be involved.[124] On 9 November 2012, Indian activist and politician Arvind Kejriwal
Arvind Kejriwal
said he had details of 700 Indian bank accounts hiding black money with a total value of ₹60 billion (US$920 million) with HSBC
HSBC
in Geneva.[125] In June 2013, a media outlet in India did an undercover expose where HSBC
HSBC
officers were caught on camera agreeing to launder "black money." HSBC
HSBC
placed these employees on leave pending their own internal investigation.[126] In November 2012 it was reported that HSBC
HSBC
had set up offshore accounts in Jersey
Jersey
for suspected drug-dealers and other criminals, and that HM Revenue and Customs
HM Revenue and Customs
had launched an investigation following a whistleblower leaking details of £700 million allegedly held in HSBC accounts in the Crown dependency .[127] Following search warrants and raids beginning in January 2013, in mid-March 2013 Argentina's main taxing authority accused HSBC
HSBC
of using fake receipts and dummy accounts to facilitate money laundering and tax evasion.[128][129][130] In early February 2013, appearing before UK's Parliamentary Banking Standards Commission, CEO Stuart Gulliver
Stuart Gulliver
acknowledged that the structure of the bank had been "not fit for purpose." He also stated, "Matters that should have been shared and escalated were not shared and escalated."[131] HSBC
HSBC
has also been accused of laundering money for terrorist groups.[131][132] In June 2015 HSBC
HSBC
was fined by the Geneva
Geneva
authorities after an investigation into money laundering within its Swiss subsidiary. The fine was 40 million Swiss Francs.[133] 2012 US Senate investigation[edit] In July 2012, a US Senate committee issued a report[134] which stated that HSBC
HSBC
had been in breach of money-laundering rules, had assisted Iran and North Korea circumvent US nuclear-weapons sanctions.[135][136] In December 2012, Assistant U.S. Attorney General Lanny Breuer suggested that the U.S. government might resist criminal prosecution of HSBC
HSBC
which could lead to the loss of the bank's U.S. charter. He stated, "Our goal here is not to bring HSBC
HSBC
down, it's not to cause a systemic effect on the economy, it's not for people to lose thousands of jobs."[122] In December 2012, HSBC
HSBC
was penalised $1.9 billion (US), the largest fine under the Bank
Bank
Secrecy Act, for violating four U.S. laws designed to protect the U.S. financial system.[137] HSBC
HSBC
had allegedly laundered at least $881 million in drugs proceeds through the U.S. financial system for international cartels, as well as processing an additional $660 million for banks in US sanctioned countries. According to the report, "The U.S. bank subsidiary [also] failed to monitor more than $670 billion in wire transfers and more than $9.4 billion in purchases of physical dollars from its Mexico
Mexico
unit."[137] As part of the agreement deferring its prosecution, HSBC
HSBC
acknowledged that for years it had ignored warning signs that drug cartels in Mexico
Mexico
were using its branches to launder millions of dollars, and also acknowledged that HSBC's international staff had stripped identifying information on transactions made through the United States from countries facing economic sanctions such as Iran and Sudan.[122] A February 2013 article in Rolling Stone
Rolling Stone
magazine, which was critical of what they regarded as the timid response by the U.S. Justice Department, stated "Yes, they issued a fine – $1.9 billion, or about five weeks' profit – but they didn't extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses" and further stated, "In this case, the bank literally got away with murder – well, aiding and abetting it, anyway."[138] A December 2012 CNNMoney article compared the 1.9 billion dollar fine to HSBC's profit "last year" (2011) of 16.8 billion.[122] $3.5 billion currency scheme[edit] In July 2016 the United States Department of Justice
United States Department of Justice
charged two executives from HSBC
HSBC
Bank
Bank
over an alleged $3.5 billion currency scheme which defrauded HSBC
HSBC
clients and "manipulated the foreign exchange market to benefit themselves and their bank".[139] "Mark Johnson and Stuart Scott, both British citizens, are being accused".[140] "Johnson was arrested late Tuesday [19 July 2016] at JFK International Airport in New York City." [140] "Stuart Scott, who was HSBC’s European head of foreign exchange trading in London
London
until December 2014, is accused of the same crimes. A warrant was issued for Scott’s arrest." [139] Mark Johnson was convicted of nine counts of wire fraud and conspiracy to defraud related to front running the currency trades of HSBC clients.[141] Forex scandal[edit] HSBC
HSBC
was one of the banks fined in the UK and USA in 2014 in the Forex scandal.[142] Libor and Euribor[edit] HSBC
HSBC
settled for $17.9 million in the Libor scandal.[143] HSBC
HSBC
was fined 33M euros for their role in the manipulation of the Euribor
Euribor
rate (relative to other banks a small amount).[144] Other controversies[edit] Deforestation[edit] In the report titled "In the Future There Will Be No Forests Left" produced by Global Witness, the bank is also being accused of supporting the seven largest Malaysian timber conglomerates which are responsible for rapid deforestation in the Malaysian state of Sarawak without any FSC certifications.[145] However, the bank declined to divulge its clients on this issue, citing the confidentiality of its clients; but the bank maintains that the accusations that its clients violate forestland and forest-products policy is not accurate.[146] HSBC
HSBC
is contributing to the deforestation in Indonesia and subsequent hazardous impacts in the region by providing funds directly to one of the biggest companies that has been undertaking projects in the nation's peatland forests. The company has been exposed and lambasted throughout the last year for participating in the nefarious act of damaging the environment for profit. Even though HSBC
HSBC
has denied the claims that they are sponsoring these environmentally irresponsible activities, Greenpeace has compiled multiple sources and researches to draw a link between the company and their customers.[147] Gaddafi regime in Libya[edit] HSBC
HSBC
also held billions of dollars of assets for the Libyan Investment Authority, which was controlled by Colonel Muammar Gaddafi; after Gaddafi's overthrow and assassination, the bank refused to reveal information about the funds, citing customer confidentiality.[148][149][150] Heavy-handed application of money-laundering rules[edit] In 2014, HSBC
HSBC
refused to allow customers to withdraw large cash amounts without a third-party letter confirming what the money would be used for.[151] Douglas Carswell, the Conservative MP for Clacton, was alarmed by the HSBC
HSBC
policy: "All these regulations which have been imposed on banks allow enormous interpretation. It basically infantilises the customer. In a sense your money becomes pocket money and the bank becomes your parent."[151] In 2014, HSBC
HSBC
closed North London
London
Central Mosque's account and some Muslim
Muslim
clients' and groups' accounts.[152][153][154][155][156][157][158] Several sources report that allegedly HSBC
HSBC
closed them because they donated their money to Gaza through Hamas
Hamas
linked charities during the 2014 Israel–Gaza war.[159][160][161] Payments-processing failures[edit] In August 2015, HSBC
HSBC
failed to process BACS
BACS
payments, leaving thousands of people without their salaries.[162] This left customers unable to complete house purchases, and unable to pay for essential home care.[162] Logo[edit] The group announced in November 1998 that the HSBC
HSBC
brand and the hexagon symbol would be adopted as the unified brand in all the markets where HSBC
HSBC
operates, with the aim of enhancing recognition of the group and its values by customers, shareholders and staff throughout the world. The hexagon symbol was originally adopted by the Hongkong and Shanghai
Shanghai
Banking
Banking
Corporation as its logo in 1983. It was developed from the bank's house flag, a white rectangle divided diagonally to produce a red hourglass shape. Like many other Hong Kong company flags that originated in the 19th century, and because of its founder's nationality, the design was based on the cross of Saint Andrew. The logo was designed by Austrian graphic artist Henry Steiner.[163] Sponsorships[edit]

The 2004 Jaguar Racing
Jaguar Racing
Formula One
Formula One
car, being driven by Mark Webber

Having sponsored the Jaguar Racing
Jaguar Racing
Formula One
Formula One
team since the days of Stewart Grand Prix, HSBC
HSBC
ended its relationship with motorsport after seven years when Red Bull
Red Bull
purchased Jaguar Racing
Jaguar Racing
from Ford.[164] In the mid 2000s, HSBC
HSBC
switched its focus to golf, taking title sponsorship of several events such as the HSBC
HSBC
World Match Play Championship, HSBC Women's World Match Play Championship (now defunct), WGC- HSBC
HSBC
Champions, Abu Dhabi HSBC
HSBC
Golf Championship, HSBC Women's Champions, HSBC
HSBC
Golf Business Forum and HSBC
HSBC
Golf Roots (a youth development programme). HSBC
HSBC
was named the 'Official Banking Partner' of the Open Championship, in a five-year deal announced in 2010.[165] In October 2010 the International Rugby Board announced that they had concluded a 5-year deal with HSBC
HSBC
which granted them status as the first ever title sponsor of the World Sevens Series. Through the accord, HSBC
HSBC
is paying more than $100 million for the title naming rights to all the tournaments. HSBC
HSBC
opted to sub-license the naming rights to all but one of the individual tournaments, while retaining its name sponsorship of the overall series and the Hong Kong Sevens.[166] The company also sponsors the Hong Kong
Hong Kong
Rugby Union and the New South Wales Waratahs
New South Wales Waratahs
team in Super Rugby. It sponsored British and Irish Lions during their 2009 tour to South Africa and 2013 tour to Australia.[167] HSBC
HSBC
is the official banking partner of the Wimbledon Championships tennis tournament, providing banking facilities on site and renaming the junior event as the HSBC
HSBC
Road to Wimbledon National 14 and Under Challenge.[168] HSBC's other sponsorships are mainly in the area of education, health and the environment. In November 2006, HSBC
HSBC
announced a $5 million partnership with SOS Children as part of Future First.[169] See also[edit]

London
London
portal Companies portal

HSBC
HSBC
lions List of banks in the United Kingdom List of buildings and structures in Hong Kong List of investors in Bernard L. Madoff Investment Securities Peking University HSBC
HSBC
Business School Primary dealer

References[edit]

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HSBC
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HSBC
'held offshore accounts for criminals': Bank
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accused of helping customers launder money by opening thousands of accounts in Jersey". Daily Mail. London. Retrieved 10 November 2012.  ^ AFIP denounces HSBC
HSBC
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HSBC
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HSBC
pays out £28m over money-laundering claims". The Guardian. 4 June 2015. Retrieved 14 April 2017.  ^ U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC
HSBC
Case History (Report). United States Senate. 17 July 2012. pp. 113–188. Retrieved 7 February 2016.  ^ Hamilton, Jesse; Voreacos, David (23 July 2012). " HSBC
HSBC
Executive Resigns at Senate Money-Laundering Hearing". Bloomberg Business. Retrieved 7 February 2016. An outside audit by Deloitte LLP showed that 25,000 transactions totaling more than $19.4 billion involved Iran, according to the report. Of those, as many as 90 percent passed through the bank’s U.S. accounts with no disclosure of ties to Iran, the report shows. Senate investigators documented similar transactions from a list of other prohibited jurisdictions including North Korea, Cuba, Sudan and Burma.  ^ Peston, Robert (11 December 2012). " HSBC
HSBC
to pay $1.9bn in US money laundering penalties". BBC
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News (Business). Retrieved 7 February 2016. The Senate report also said HSBC
HSBC
regularly circumvented restrictions on dealings with Iran, North Korea, and other states subject to US sanctions.  ^ a b Mollenkamp, Carrick; Wolf, Brett (11 December 2012). " HSBC
HSBC
to pay record $1.9-billion fine in U.S. money laundering case". The Globe and Mail. Toronto. Retrieved 14 July 2013.  ^ Gangster Bankers: Too Big to Jail, How HSBC
HSBC
hooked up with drug traffickers and terrorists. And got away with it, Rolling Stone magazine, Matt Taibbi, 14 February 2013. ^ a b Neate, Rupert; Treanor, Jill (20 July 2016). "FBI arrests senior HSBC
HSBC
banker accused of rigging multibillion-dollar deal". the Guardian. Retrieved 21 July 2016.  ^ a b Mali, Meghashyam (20 July 2016). "Feds charge HSBC
HSBC
bankers in currency scheme". Retrieved 21 July 2016.  ^ "Former HSBC
HSBC
Executive Convicted of Fraud for Front-Running". Wall Street Journal. 23 October 2017. Retrieved 26 October 2017.  ^ "CFTC Orders Five Banks to Pay over $1.4 Billion in Penalties for Attempted Manipulation of Foreign Exchange Benchmark Rates". Commodities Futures trading Commission. 12 November 2014. Retrieved 13 November 2014.  ^ "Barclays, UBS, HSBC
HSBC
Agree To $36M Settlement In Libor Suit". Law 360. 7 June 2017. Retrieved 23 September 2017.  ^ "HSBC, JP Morgan and Crédit Agricole fined €485m by EU". The Guardian. 7 December 2016. Retrieved 23 September 2017.  ^ "In the Future There Will Be No Forests Left" (PDF). Global Witness. 2 November 2012. Retrieved 12 November 2012.  ^ "Log tale – A new investigation accuses HSBC
HSBC
of ignoring its own sustainability policies". The Economist. 3 November 2012. Retrieved 12 November 2012.  ^ "Dirty Bankers" (PDF). Greenpeace. Retrieved 7 April 2017.  ^ " HSBC
HSBC
and Goldman Sachs
Goldman Sachs
held".  ^ Revealed: Where Libya invests ,3bn. BBC
BBC
News (25 May 2011). Retrieved on 6 December 2013. ^ New leaked document reveals HSBC
HSBC
held $1.4bn of Libyan funds. Global Witness. Retrieved on 6 December 2013. ^ a b " HSBC
HSBC
imposes restrictions on large cash withdrawals". BBC
BBC
News. 24 January 2014. Retrieved 9 March 2014.  ^ Dominic Laurie (30 July 2014). " HSBC
HSBC
closes some Muslim
Muslim
groups' accounts". BBC. Archived from the original on 10 August 2015.  ^ Robinson, Wills (30 July 2014). "Race row as HSBC
HSBC
accused of Islamaphobia after telling high profile Muslim
Muslim
groups it will close down accounts". Daily Mail. London.  ^ Siddique, Haroon. " HSBC
HSBC
shuts accounts of Muslim
Muslim
organisations, including Finsbury Park mosque". The Guardian.  ^ " HSBC
HSBC
closes three Muslim
Muslim
organisations' accounts". BBC
BBC
News.  ^ " HSBC
HSBC
angers Muslim
Muslim
leaders by closing account of Finsbury Park Mosque". The Evening Standard.  ^ Tadeo, Maria (30 July 2014). " HSBC
HSBC
closes bank accounts belonging to Muslim
Muslim
clients in the UK". The Independent. London.  ^ Barrett, David (30 July 2014). " Muslim
Muslim
bank accounts closed by HSBC in wake of 'money laundering' fine". The Daily Telegraph. London.  ^ " HSBC
HSBC
terminates Gaza-linked Islamic charity's bank account and others".  ^ Fraser, Giles. "HSBC: the bank that likes to say no to Muslim accounts". The Guardian.  ^ "UK Muslim
Muslim
Brotherhood Leader Says HSBC
HSBC
Closes His Bank
Bank
Accounts; Claims Closures Part Of Action Against Palestinian Activists". The Global Muslim
Muslim
Brotherhood Daily Watch.  ^ a b " HSBC
HSBC
glitch payments 'all processed'". BBC
BBC
News. 29 August 2015.  ^ " HSBC
HSBC
Logo". FamousLogos.net. Retrieved 24 January 2012.  ^ "Jaguar and HSBC
HSBC
strike up a new deal". Crash. Retrieved 14 April 2017.  ^ " HSBC
HSBC
Named 'Official Banking
Banking
Partner' of the Open". SponsorPitch. 15 October 2010. Retrieved 12 November 2010.  ^ "HSBC: Rugby Sponsorship".  ^ "2013 British Lions Shirt Launched". 29 October 2012. Retrieved 29 October 2012.  ^ "Official Suppliers". wimbledon.org. Retrieved 12 November 2010.  ^ " HSBC
HSBC
and SOS Children's Villages partnership". Soschildrensvillages.org.uk. 8 October 2005. Retrieved 18 April 2011. 

External links[edit]

Wikimedia Commons has media related to HSBC.

Official website

Business data for HSBC
HSBC
Holdings plc: Reuters SEC filings

HSBC
HSBC
companies grouped at OpenCorporates

v t e

HSBC

Board of Directors

Mark Tucker (Group Chairman) John Flint (Group Chief Executive) Iain Mackay (Group Finance
Finance
Director) Marc Moses (Group Chief Risk Officer) Phillip Ameen Kathleen L. Casey Safra A. Catz Laura Cha Lord Evans of Weardale Joachim Faber Rona Fairhead Sam Laidlaw John Lipsky Rachel Lomax Heidi Miller Sir Simon Robertson Jonathan Symonds

Brands

First Direct Hang Seng Bank HSBC HSBC
HSBC
Expat HSBC
HSBC
Premier HSBC
HSBC
Private Bank HSBC
HSBC
Trinkaus M&S Money Proa SABB

Principal local banks

Argentina Australia Canada People's Republic of China Egypt France Germany Hong Kong India Malaysia Middle East Mexico Panama Poland Saudi Arabia Sri Lanka Taiwan Turkey United Kingdom United States

Minority stakes and joint ventures

Bank of Communications
Bank of Communications
(19%) HSBC Saudi Arabia (60%) SABB (40%) Techcombank (15%)

Predecessor companies

Grupo Banistmo Bank
Bank
of British Columbia Barclays
Barclays
Bank
Bank
Canada Beneficial Continental Bank
Bank
of Canada Crédit Commercial de France CrossLand Savings Greenwich Savings Bank Guyerzeller Household Imperial Bank
Bank
of Persia Lloyds Bank
Lloyds Bank
Canada Manhattan Savings Bank Marine Midland Bank Midland Bank Republic New York Samuel Montagu & Co. Williamsburgh Savings Bank

Former subsidiaries

HSBC
HSBC
Bank
Bank
(Brazil)

Category Commons Wikiversity

Links to related articles

v t e

Investment banks

Bank

Divisions of universal banks

Bulge bracket

Bank of America
Bank of America
Merrill Lynch Barclays Citi Institutional Clients Group Credit Suisse Deutsche Bank
Bank
Corporate and Investment Bank J.P. Morgan & Co. (J.P. Morgan Cazenove) UBS Investment Bank

Other

Berenberg Bank BMO Capital Markets BOC International BNP Paribas Corporate & Institutional Banking Brown Shipley CIBC World Markets CITIC Securities (CLSA) Commerzbank
Commerzbank
Corporate Clients Crédit Agricole Corporate and Investment Bank Daiwa Securities Capital Markets Ever Bank
Bank
World Markets Harris Williams & Co. HSBC
HSBC
Global Banking
Banking
and Markets ING Commercial Banking Is Investment KBC Bank Korea Development Bank
Bank
(Daewoo Securities) Lloyds Bank
Lloyds Bank
Corporate Markets Mitsubishi UFJ Securities Mizuho Corporate Bank Natixis Nomura Securities RBC Capital Markets RBS Markets & International Banking Sberbank CIB Société Générale
Société Générale
Corporate & Investment Bank Standard Chartered TD Securities UniCredit
UniCredit
Corporate & Investment Banking VTB Capital Wells Fargo Securities

Independents

Bulge bracket

Goldman Sachs Morgan Stanley

Other

Allen & Company Blackstone Group Brewin Dolphin BTG Pactual Centerview Partners China International Capital Corporation Close Brothers Group China Everbright Group

China Everbright Limited Everbright Securities

Evercore Partners FBR Capital Markets Focus Investment Banking Galaxy Greenhill & Co. Guosen Securities Haitong Securities Houlihan Lokey Investec Jefferies Keefe, Bruyette & Woods Lazard Lincoln International Macquarie Group Mediobanca Moelis & Company N M Rothschild & Sons Oppenheimer & Co. Perella Weinberg Partners Piper Jaffray Raymond James Financial Renaissance Capital ROTH Capital Partners Salam Investment Ltd. Sandler O'Neill and Partners Stifel Nicolaus Stone Key Partners William Blair & Company

Category List

v t e

Constituents of Hang Seng Index

Finance

HSBC
HSBC
Holdings Hang Seng Bank Bank
Bank
of E Asia HKEx CCB AIA ICBC Ping An BOC Hong Kong China Life Bankcomm Bank
Bank
of China

Utilities

CLP Holdings HK & China Gas Power Assets China Res Power CKI Holdings

Properties

Wharf Holdings Henderson Land SHK Ppt New World Dev Sino Land Hang Lung Ppt China Overseas Link REIT China Res Land CK Asset Wharf REIC (zh) Country Garden

Commerce and Industry

CKH Holdings Swire Pacific A Galaxy Ent MTR Corporation China Mer Port Want Want China Geely
Geely
Auto CITIC WH Group Sinopec
Sinopec
Corp Tencent China Unicom PetroChina CNOOC China Mobile Lenovo
Lenovo
Group Hengan Int'l China Shenhua Sands China Ltd AAC Tech (zh) Mengniu Dairy Sunny Optical (zh)

v t e

FTSE 100 companies of the United Kingdom   → FTSE 250

3i Admiral Group Anglo American Antofagasta Ashtead Group Associated British Foods AstraZeneca Aviva BAE Systems BHP BP Barclays Barratt Developments Berkeley Group Holdings British American Tobacco British Land BT Group Bunzl Burberry Carnival Centrica Coca-Cola HBC Compass Group CRH Croda International DCC Diageo Direct Line Group easyJet Evraz Experian Ferguson Fresnillo G4S GKN GlaxoSmithKline Glencore Halma Hammerson Hargreaves Lansdown HSBC Imperial Brands Informa InterContinental Hotels Group International Airlines Group Intertek ITV Johnson Matthey Just Eat Kingfisher Land Securities Legal & General Lloyds Banking
Banking
Group London Stock Exchange
London Stock Exchange
Group Marks & Spencer Mediclinic International Micro Focus
Micro Focus
International Mondi Morrisons National Grid Next NMC Health Old Mutual Paddy Power Betfair Pearson Persimmon Prudential Randgold Resources Royal Bank
Bank
of Scotland Reckitt Benckiser RELX Group Rentokil Initial Rio Tinto Group Rolls-Royce Royal Dutch Shell RSA Insurance Group Sage Group J Sainsbury Schroders Scottish Mortgage Investment Trust Segro Severn Trent Shire Sky Smith, D.S. Smith & Nephew Smiths Group Smurfit Kappa SSE Standard Chartered Standard Life Aberdeen St. James's Place Taylor Wimpey Tesco TUI Unilever United Utilities Vodafone Whitbread WPP

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