What Does HSBC Mean?

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What does HSBC mean?

Definitions for HSBChsbc

This dictionary definitions page includes all the possible meanings, example usage and translations of the word HSBC.

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WikipediaRate this definition:0.0 / 0 votes

1. HSBC

   HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866.HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits, assets, and market value.HSBC is organised within three business groups: Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking. In 2020, the bank announced that it would consolidate its Retail Banking & Wealth Management arm with Global Private Banking, to form Wealth & Personal Banking.HSBC has a dual primary listing on the Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index. It has secondary listings on the New York Stock Exchange, and the Bermuda Stock Exchange. HSBC has had a number of controversies and the bank has been repeatedly fined for money laundering (sometimes in relation with criminal organizations such as the Sinaloa cartel) or setting up large scale tax avoidance schemes.

WikidataRate this definition:4.0 / 4 votes

1. HSBC

   HSBC Holdings P.L.C. is a British multinational banking and financial services organisation headquartered in London, United Kingdom and is one of the world's largest banks. It was founded in London in 1991 by The Hongkong and Shanghai Banking Corporation to act as a new group holding company The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865. The HSBC name is derived from the initials of The Hongkong and Shanghai Banking Corporation Limited. It has around 7,200 offices in 85 countries and territories across Africa, Asia, Europe, North America and South America, and around 89 million customers. As of 31 December 2012 it had total assets of $2.693 trillion, of which roughly half were in Europe, the Middle East and Africa, and a quarter each in Asia-Pacific and the Americas. As of 2012, it was the world's largest bank in terms of assets and sixth-largest public company, according to a composite measure by Forbes magazine. HSBC is organised within four business groups: Commercial Banking; Global Banking and Markets; Retail Banking and Wealth Management; and Global Private Banking. HSBC has a primary listing on the London Stock Exchange and is a constituent of 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 Stock Exchange, after Royal Dutch Shell. It has secondary listings on the Hong Kong Stock Exchange, the New York Stock Exchange, Euronext Paris and the Bermuda Stock Exchange.

Suggested ResourcesRate this definition:3.0 / 2 votes

1. HSBC

   What does HSBC stand for? -- Explore the various meanings for the HSBC acronym on the Abbreviations.com website.

How to pronounce HSBC?

1. AlexUS EnglishDavidUS EnglishMarkUS EnglishDanielBritishLibbyBritishMiaBritishKarenAustralianHayleyAustralianNatashaAustralianVeenaIndianPriyaIndianNeerjaIndianZiraUS EnglishOliverBritishWendyBritishFredUS EnglishTessaSouth African

How to say HSBC in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of HSBC in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of HSBC in Pythagorean Numerology is: 5

Examples of HSBC in a Sentence

1. David Gauke:

   Clearly HSBC have got questions to answer. Clearly the behaviour that is set out in these disclosures reveal behaviour in 2005 to 2007 that is not what we would expect from a major bank.

2. Hugh Young:

   No one should be under any illusion that it’s as simple as moving a brass plate from one city to another. It is far more complex than that and involves local, regional and global regulatory frameworks, costs and the future strategic shape of HSBC.

3. Christine Fong:

   Street hawkers, taxi drivers or teachers — they all relied on the dividend to pay for their regular expenses, like mortgage, insurance payments, school fees, that’s why, three years ago, what HSBC did upset those small minority shareholders.

4. Paul Mumford:

   StanChart and HSBC might well be firing warning shots on their possible relocation to ... tell politicians they won’t be bullied, but I think unless these firms start feeling that some politicians are in tune with what they offer the UK, then we might see genuine action ... the threat is there.

5. Binay Chandgothia:

   The anticipated potential boost to Hong Kong’s economy from relocated jobs will not materialize now, as far as the China strategy goes, the relocation decision would really not impact it much. Their Asian headquarters remain in Hong Kong so HSBC can easily continue to execute as in the past.

more sentences »

Popularity rank by frequency of use

HSBC#10000#19863#100000

References

1. ^ Wikipediahttps://en.wikipedia.org/wiki/Hsbc
2. ^ Wikidatahttps://www.wikidata.org/w/index.php?search=HSBC

Translations for HSBC

From our Multilingual Translation Dictionary

• HSBCArabic
• hsbcGerman
• hsbcFrench
• एचएसबीसीHindi
• hsbcIndonesian
• hsbcHebrew
• hsbcKannada
• hsbcKorean
• hsbcPolish
• HSBCRussian
• எச்எஸ்பிசிTamil
• HSBCTelugu
• hsbcUrdu
• 汇丰Chinese

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Translation

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Nearby & related entries:

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