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What Does HSBC Stand For?

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Frances Bott Profile
Frances Bott answered
HSBC stands for Hong Kong and Shanghai Banking Corporation.

HSBC is based in Canary Wharf in London but is a worldwide banking and financial services company. It is the world's second largest bank and financial services group and second largest public company. Before it was taken over by HSBC in 1992, it was known as the UK based Midland Bank. Midland Bank was one of the four big banks for most of the 20th Century. Midland Bank was founded by Charles Geach in Birmingham in 1836. Geach was a former employee of Bank of England. He gained the support he needed and financial backing from leading merchants and manufacturers in Birmingham. The Midland Bank had a famous logo; a golden griffin inside a circle of golden coins. Their slogan was "The Listening Bank" written by the advertising executive Rod Allen.

The Hong Kong and Shanghai Banking Corporation initially took just 14% of The Midland Bank's equity interest in 1987 until full ownership was taken in 1992, where HSBC moved it's Hong Kong head quarters to London.

HSBC is organised within four business groups:

Commercial banking
Global banking & markets
Personal Financial Services
Private Banking

HSBC's primary listing is on the London Stock Exchange and is a constituent of the FTSE 100 Index. As of August 2010 it was the largest company on the London Stock Exchange with a capitalisation of £115.8 billion. In 2008 HSBC was named the world's most valuable banking brand by "The Banker" magazine.

Today HSBC remains the largest bank in Hong Kong.
Anonymous Profile
Anonymous answered
The full form of HSBC is "Hongkong and Shanghai Banking Corporation Limited
Evelyn Vaz Profile
Evelyn Vaz answered
HSBC stands for Hong Kong Shanghai Banking Corporation. It is the fifth largest company across the globe. Its headquarters is at HSBC Tower in London's Canary Wharf.

The bank was established in 1865, by Thomas Sutherland, who was a Scot-man, to finance British trade in the eastern countries. The logo, which is the Hexagon, is derived from the Scottish Flag.

Across the globe its business is separated into four different groups; Personal Financial Services, Commercial Banking, Corporate, Investment Banking and Markets and Private Banking.

The first group includes current and savings accounts, mortgages, insurance, credit cards, loans and investments.

The commercial banking sector provides financial services to all kinds of business enterprises.

The Corporate, Investment Banking and Markets gives financial support to all corporate and institutional clients.

And the private Banking sector provides all the financial services to all individual and families.
Aisha Profile
Aisha answered
The full form of HSBC is "Hongkong and Shanghai Banking Corporation Limited". It is called as world's local bank. For more details, see the link below:
www.hsbc.com.pk
rahul jaiswal Profile
rahul jaiswal answered
Hongkong and Shanghai Banking Corporation .

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