Professional Documents
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Submitted by:
ANIKET(96),
SUMEET(97),
SHRI(98),
KISHORI(99),
ANANT(100).
Introduction:
HSBC Holdings plc is a global financial services corporation headquartered in
London, UK. As of 2010, it is both the world's largest banking and financial
services group and the world's 8th largest company according to a composite
measure by Forbes magazine. HSBC was founded(in 1865) as The Hongkong
and Shanghai Banking Corporation and Hong Kong served as the bank's
headquarters until 1992 when it moved to London as a condition of completing
the acquisition of Midland Bank.Total no. of employees is 302,000.
Promoter of HSBC:
Michael Geoghegan is the present CEO of HSBC, he joined HSBC in 1973 and
was appointed the CEO in 2006.He was Born in Windsor, UK, and was educated
in the United Kingdom and Ireland. Geoghegan is paid an annual salary of
£1,070,000. In June 2003 he was honoured with a CBE (Commander of the
British Empire) by Her Majesty The Queen in recognition of his contribution to
British business interests in Brazil. He has got two sons.
HSBC Products:
HSBC Holdings, which gave HSBC a substantial presence in the UK, was
completed in 1992. As part of the takeover conditions for the purchase of
Midland, HSBC was required to move its world headquarters from Hong Kong to
London in 1993.
Subsidiaries:
• Latin America
HSBC Mexico SA
HSBC Bank Brazil SA, Banco Multiplo
HSBC Bank Argentina SA.
• Asia Pacific
• Middle East
• North America
• Europe
HSBC’s Revenue for 2009 was $103.74 billion which is less as compare to
previous year and the Operating income was $7.079 billion. Profit for was
$5.834 billion.Total assets of HSBC in the year 2009 were calculated at $2.364
trillion. Total equity $128.299 billion.
HSBC increased its share of the mortgage market by only 3% in the first six
months of this year.