HSBC Holdings plc (HSBC) is one of the world's largest banking and financial services organisations. HSBC Holdings plc is the parent company of the HSBC Group. The Group serves customers worldwide from around 6,600 offices in over 80 countries and territories in Europe, Hong Kong, Rest of Asia-Pacific, North and Latin America, and the Middle East and North Africa. Total assets: US$ 2.681 trillion (as of March 31, 2013). Net profit: US$ 13.159 billion (2010), US$ 16.797 billion (2011).
Through its subsidiaries and associates, HSBC provides a range of banking and related financial services. The products and services of the Company include personal financial services, commercial banking, global banking and markets, and private banking.
In February 2009, HSBC sold its stake in Modern Asia Environmental Holdings Inc. to Japan's Dowa Eco-system Co. In May 2009, the Company completed the acquisition of 88.89% of PT Bank Ekonomi Raharja Tbk in Indonesia. Today HSBC remains the largest bank in Hong Kong, and recent expansion in mainland China, where it is the largest international bank, has returned it to that part of its roots.
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27.02.2012 HSBC Holdings plc registered attributable net profit of US$ 16.8 billion in 2011, an increase of 28% from a year earlier. As of December 31, 2011 the Group's total assets were US$ 2.556 trillion.
07.08.2011 HSBC made a profit before tax of US$ 11.474 billion (1H2011), an increase of US $370 million, or 3.3%, compared with the first half of 2010.
28.02.2011 HSBC made a profit before tax of $19.04 billion in 2010, an increase of US$11.96 billion, or 169%, compared with 2009.
03.08.2009 The Group announced its result on 3 August 2009. Net profit in I half of 2009 decreased by 56.7% compared to the same period of 2008. More
No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters
Suntech will extend banking system at Nordea Bank Poland S.A. - 09.10.2012 Polish based company Suntech S.A. has entered into an agreement with Nordea Bank Poland S.A. to extend the corporate banking system eConnect. Expansion of existing application will increase its usability, making it one of the most innovative solutions in its class on the market. Source: Suntech