What does HSBC Holdings PLC stand for?
What does HSBC Holdings PLC stand for?
HSBC Holdings PLC, bank holding company based in London that originated as the Hongkong and Shanghai Banking Corporation, Ltd., in 1865, with offices in Hong Kong, Shanghai, and London. It was established at a time of growing trade between China, India, and Europe.
What happened to HSBC Holdings?
HSBC Holdings plc is a British multinational investment bank and financial services holding company. In 2020, the bank announced that it would consolidate its Retail Banking & Wealth Management arm with Global Private Banking, to form Wealth & Personal Banking.
What is the company HSBC?
HSBC is one of the world’s largest banking and financial services organisations. We serve more than 40 million customers through our global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking & Markets.
Who are the shareholders of HSBC?
HSBC HOLDINGS
| Name | Equities | % |
|---|---|---|
| Ping An Asset Management Co., Ltd. | 1,655,479,531 | 8.10% |
| The Vanguard Group, Inc. | 622,590,663 | 3.05% |
| BlackRock Fund Advisors | 507,063,000 | 2.48% |
| Norges Bank Investment Management | 505,954,000 | 2.48% |
What is the biggest bank in the world?
The largest bank in the world in terms of total assets under management (AUM) is the Industrial and Commercial Bank Of China Ltd. This institution provides credit cards and loans, financing for businesses, and money management services for companies and high net worth individuals.
Who are the biggest shareholders of HSBC?
Top 10 Owners of HSBC Holdings PLC
| Stockholder | Stake | Total value ($) |
|---|---|---|
| Dimensional Fund Advisors LP | 0.23% | 250,450,044 |
| Renaissance Technologies LLC | 0.12% | 126,564,129 |
| JPMorgan Securities LLC (Investme… | 0.09% | 95,793,019 |
| Credit Suisse Securities (USA) LL… | 0.08% | 83,964,768 |
Is HSBC a British owned bank?
HSBC Holdings PLC (HSBC) is a multinational investment bank and financial services institution. It is headquartered in the U.K. Its U.S.-based subsidiary, HSBC Bank USA, has its operational headquarters in New York City, and its nominal head office is located in McClean, Virginia.
How much money do you need to open a HSBC bank account?
Checking Account Fees and Features
| HSBC Checking Accounts at a Glance | ||
|---|---|---|
| Fees and Features | HSBC Premier | Basic Banking |
| Minimum opening deposit | $75,000 OR direct deposits totaling at least $5,000 a month | $0 |
| Monthly service charge | $50 | $1 |
| Out-of-network ATM withdrawal fee | $0 | $2.50 |
