HSBC

HSBC Holdings PLC ({{nyse|HBC}}, {{lse|HSBA}}, {{sehk|005}}, {{euronext|HSBC}}), is one of the largest banking groups in the world. It is headquartered in London, with its head office based in the HSBC Tower, London, a part of the Canary Wharf development in the London Docklands. Its founding member is The Hongkong and Shanghai Banking Corporation Limited, a bank established by the Scot Thomas Sutherland to finance British trade in the Far East in 1865.

Related Topics:
London - HSBC Tower, London - Canary Wharf - London Docklands - Scot - Thomas Sutherland - Far East - 1865

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The bank is the third largest corporation in terms of assets (http://finance.yahoo.com/q/bs?s=HBC&annual). It reports its numbers in US dollars as 70% of its earnings come from outside the UK. Nearly 40% of its earnings is from operations in Hong Kong. Before moving the headquarters to London in early 1990s, it was headquartered in Hong Kong. It is the largest bank in Hong Kong, and at the end of 2004 it was the third largest banking group in the world by tier 1 capital http://www.economist.com/markets/displayStory.cfm?story_id=4174345.

Related Topics:
Corporation - US dollars - UK - Hong Kong - London - Tier 1 capital

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The HSBC logo is derived from the Scottish flag which is the angular cross St. Andrew, the patron saint of Scotland, was crucified upon.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~