HSBC Bank

("Hongkong and Shanghai Banking Corporation")

Global Operations HSBC (abbreviation origin: the "Hongkong and Shanghai Banking Corporation") was founded in the former British colony of Hong Kong (in 3rd March 1865) and Shanghai (one month later) by Scotsman Sir Thomas Sutherland (1834–1922). HSBC Holdings plc established in 1990 became the parent company to The Hongkong and Shanghai Banking Corporation in preparation for its purchase of Midland Bank in the United Kingdom and restructuring of ownership domicile for the impending transfer of sovereignty of Hong Kong to China. HSBC Holdings acquisition of Midland Bank gave HSBC Group a substantial market presence in the United Kingdom which was completed in 1992. As part of the takeover conditions for the purchase of Midland Bank, HSBC Holdings plc was required to relocate its world headquarters from Hong Kong to London in 1993. Major acquisitions in South America started with the purchase of the Banco Bamerindus of Brazil for $1bn in March 1997[13] and the acquisition of Roberts SA de Inversiones of Argentina for $600m in May 1997. In 1980, HSBC acquired a 51% shareholding in Marine Midland Bank, which it extended to full ownership in 1987. In May 1999, HSBC continued its US acquisitions with the purchase of Republic National Bank of New York for $10.3bn.
HSBC has its operation In Australia, Bahrain, Bangladesh, Bermuda, Brazil, Brunei, Egypt,

France, Germany, Greece, Hong Kong, India, Indonesia, Japan, Kazakhstan, Korea, Macau, Malaysia, Malta, Mexico, New Zealand, Pakistan, Russia, Saudi Arabia, Singapore, South Africa, Sri Lanka, Taiwan,Thailand, United Kingdom, US. Expansion into Continental Europe took place in April 2000 with the acquisition of Crédit Commercial de France, a large French bank for £6.6bn. In July 2001 HSBC bought Demirbank, an insolvent Turkish bank.[17] In July 2002, Arthur Andersen announced that 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 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. The new headquarters of HSBC Holdings at 8 Canada Square, London officially opened in April 2003.

Ludhiana. an integrated Call Centre. Coimbatore. 6. Mumbai. through its branch network in Ahmedabad. Also offered branch-wide are international Gold and Classic credit cards from VISA and MasterCard and debit cards from Visa. Thane. New Delhi. when the Mercantile Bank of India was established in Mumbai. The Hongkong and Shanghai Banking Corporation Limited (HSBC) INDIAN OPERATIONHSBC offers a wide range of retail banking and wealth management services. 2. including personal lending and deposit products. Customers have access to 24-hour banking services through an extensive network of automated teller machines (ATMs). The Bank has since. Hyderabad. Kochi. 7. Pune. 3. 4. Kolkata.HSBC in India HSBC's origins in India date back to 1853. Jaipur. Noida. International business Global trade solution Business solution Foreign Exchange services. the Bank offers a comprehensive suite of world-class products and services to its corporate and commercial banking clients as also to a fast growing personal banking customer base. keeping pace with the evolving banking and financial needs of its customers. Chandigarh. Personal1. 5. Chennai. Trivandrum and Visakhapatnam. steadily grown in reach and service offerings. 3. . Home loan and other loan NRI services Credit cards Debit cards Bank account and Fixed deposit Insurance Investment Business1. 2. and internet. Bangalore. 4. Gurgaon. In India.

Chief Executive OfficerStuart Gulliver .HSBC Group Holdings ChairmanScotsman Sir Thomas Sutherland HSBC India Chief Executive Officer Naina lal kidvai.

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