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The full form of HSBC bank is Hong Kong and Shanghai Banking Corporation. It is one of the most popular and largest financial institutions in the world. It was founded in 1865 and currently operates in more than 60 countries across the globe. HSBC provides various financial services including credit cards, mutual funds, equities, and more. In this blog, you will read more about HSBC history, range of services, and other important information.
History of HSBC
- It was founded by a Scottish banker, Thomas Sutherland, in the then-British colony of British Hong Kong in 1865
- It opened its branches in Shanghai in the same year of foundation
- It was incorporated formally for the first time in 1865
- In 1980, it received 51% of the shareholding in US-based Marine Midland Bank, which was then extended to full ownership in 1987
- In 1992, it purchased the Bank from Midland and created a new holding company, HSBC Holdings plc 1992. The headquarters of HSBC were relocated to London after the establishment of the new company
- In 1998, the idea of using the company’s initials as the brand name; HSBC came into the picture
- In 2017, Douglas Flint became the first non-executive and external chairman of the HSBC Board of Directors
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Subsidiaries of HSBC
| Region | Subsidiaries |
| Asia Pacific | HSBC Armenia HSBC Bangladesh HSBC Bank Australia HSBC Bank India HSBC Bank Indonesia HSBC China HSBC Bank Malaysia HSBC Bank Philippines HSBC Bank Vietnam HSBC Korea HSBC Singapore HSBC Sri Lanka HSBC Taiwan |
| Europe | HSBC France HSBC Greece HSBC Trinkaus und Burkhardt AG HSBC Bank Malta HSBC Private Bank (Suisse) SA HSBC UK Bank plc |
| America | HSBC Bank Argentina HSBC Bank Bermuda HSBC Bank Canada HSBC Bank USA HSBC Finance Corporation HSBC México |
| Middle East and North Africa | HSBC Bank Egypt HSBC Bank Jordan HSBC Bank Middle East HSBC Turkey HSBC Saudi Arabia |
Services of HSBC
HSBC Bank offers a wide range of services to meet the diverse financial requirements of its customers. From NRI Services to Home Loans and Insurance, here is a list of services that HSBC customers get:
- Premier Banking
- NRI Service
- Home Loans
- Personal Loans
- Credit Cards
- Investment
- Insurance
- Employee Banking Solutions
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Is HSBC a US Company?
HSBC Holdings plc, which is the parent company of HSBC, is headquartered in London. Currently, it serves customers around the world, with offices in over 62 counties and territories.
Popular Full Forms
We hope this blog has helped you understand the HSBC full form and everything related to it. If you want to know more, find the general full form list on our blog. In the world of short forms, you can rely on the Leverage edu page to know about more important full forms like this! Connect with us study abroad experts to achieve your international dream today!