HSBC

Overview

HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the second largest bank in Europe behind BNP Paribas, with total equity of US$206.777 billion and assets of US$2.958 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 in its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991. 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.