HSBC Bank

Known as the world’s local bank, Hong Kong Shanghai Banking Corporation, simply known as HSBC is among the largest financial firms in the world with offices and branches in various geographic regions on earth. HSBC bank branches and offices can be found in 83 countries.

The banking holding company HSBC Holdings plc has listings in five stock exchanges in the world. Shares of the international firm are traded in New York Stock Exchange.

HSBC has its roots in Hong Kong in 1865. The bank was established by a Scot named Thomas Sutherland with the intention of financing the trade between the British and the Far East.

Today, the institution is regarded as among the largest in the world with regards to asset value. It head office is situated in London specifically in HSBC Tower. It currently values its assets at over one trillion dollars.

The HSBC Group has local operations in various countries in the world. They can be found in the Americas, in Asia Pacific, Europe, Africa and Australia. They can include HSBC Bank USA NA and HSBC Finance Corporation in the Americas; HSBC Bank Australia Limited and HSBC Bank China Company Limited in Asia Pacific and HSBC SA and HSBC Bank plc in Europe. Some of the operations can be more than a century old now.

HSBC has four distinct business groups to cater to different customers. It divides its businesses into: personal financial services; commercial banking; investment banking, corporate and markets; and private banking.

HSBC’s personal financial services division has served over a hundred million clients internationally. This segment can offer a broad range of financial services for individual clients. The services can include the traditional banking accounts, mortgage loans, insurance, car financing, loans, pensions and investments. HSBC credit card is also integrated in this banking division.

The commercial banking division of HSBC caters to enterprises from small to medium-size and middle-market. Currently, its business clientele has numbered to 2.5 million approximately. Such customers can comprise of different business sizes of various organization types.

Meanwhile, the Investment Banking Group of HSBC can provide high-level banking and financial services to corporate clients as well as institutions. Global Banking, Global Research, Global Transaction Banking and Global Markets are the business lines that comprise the banking division.

Private banking segment of HSBC is tailored to individuals and families with high net worth. This high-level form of banking for individuals can comprise of personalized financial services including wealth management, tax services, and investment management.

The financial services of HSBC may vary from country to country because of various needs of different markets. Nevertheless, the international banking institution has come up with global product lines and programs that could assist different markets in several territories. They can comprise of: Group Service Centers; HSBC Premier; HSBC Bank International; HSBCnet; and HSBC Direct.

The Group Service Centers of HSBC can provide assistance to clients anywhere in the world through call centers. Aside from customer service, these centers can also do data processing and software engineering.

The HSBC Premier is a premium service product of the bank available in 35 countries. Although variations may exist in the delivery of financial products to different countries, HSBC can also provide standardized offerings.

Meanwhile, HSBC Bank International can provide offshore banking to migrants and expatriates. It can cater to personalized banking, and can also provide internet and telephone banking to its target markets.

HSBC Bank internet banking services can be obtained using HSBCnet or HSBC Direct. The former caters to the CIBM markets of HSBC while the latter can provide e-banking systems to customers.

Currently, some global products of HSBC may not be found in all territories that the bank’s local operations have been serving.

Although HSCB is an international brand name of an international bank, its offices in different countries have been operating locally.