HSBC Holdings plc

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  • 565.65p
  • 8.10p (1.45%)

News

HSBC share price: Group confirms insider John Flint as new boss

Insider John Flint appointed CEO of HSBC

Lender’s current head of retail banking and wealth management to replace Stuart Gulliver

6 days ago

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About HSBC Holdings plc

HSBC is a British multinational banking and financial services company which provides a variety of services, including retail and corporate banking, trade, trusteeship, securities, custody, capital markets, treasury, private and investment banking, and insurance.
The origins of HSBC lie in Hong Kong and Shanghai, where branches were first opened in 1865. In 1991, HSBC was founded in London by the Hongkong and Shanghai Banking Corporation to act as a new holding group for the company.
The company is headquartered in London, the United Kingdom and organised within four business groups: Global Banking and Markets, Global Private Banking, Retail Banking and Wealth Management, and Commercial Banking. HSBC operates through a network of approximately 7,200 offices and 89 million customers in 85 countries and territories across Europe, Asia, Africa, North America and South America.
In June 2012, the company’s indirect wholly owned subsidiary, HSBC Iris Investments Ltd, sold its 4.73-percent interest in Axis Bank Limited and 4.74-percent interest in Yes Bank Limited. In July 2012, its subsidiary, HSBC Europe, sold its 100-percent interest in HSBC Credit Zrt, to CentralFund Kockazati Tokealap. As of 31 December 2012 HSBC had total assets of $2.693 trillion, making it one of the world’s largest banks.
HSBC has a dual primary listing on the Hong Kong and London Stock Exchanges and is a constituent of the FTSE 100 Index and the Hang Seng. The bank has secondary listings on Euronext Paris and Bermuda Stock Exchanges, whilst its ADRs are listed via the New York Stock Exchange.

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