HSBC Holdings Plc, a holding company, is a diversified banking and financial organization.
Since its inception in 1865, HSBC has become a global company with operations in over 130 countries.
The company provides various international financial and banking services, including corporate banking and retail banking, trusteeship, custody, trade, capital markets, investment management, private banking and securities.
The international bank operates under the following division:
• Commercial Banking
• Global Banking and Markets
• Wealth and Personal Banking (WPB)
The second segment WPB was rebranded in 2020 by combining global private banking division and retail banking & wealth management segment.
HSBC Holdings Plc claims to serve over 38 million under this segment.
HSBC caters to commercial businesses by providing them with financial support, facilitating cross-border payments and services, and providing access to global markets.
Hong Kong and Shanghai Banking Corporation’s global functions include:
• Internal Audit
• Corporate Governance and Secretariat
• Human Resources
• Risk and Strategy
Hong Kong and Shanghai Banking Corporation Limited is said to be a significant player in the financial sector, banking industry and sub-industry.
The official logo comprises a hexagonal figure in red and white, which was reportedly inspired from the cross of St Andrew.
HSBC Holdings Plc also provides an extensive range of financing, advisory, transaction banking, capital markets and risk management services to corporate, institutional and government clients.
The international bank operates through various subsidiaries such as HSBC Bank, HSBC Argentina, HSBC Bank India, HSBC Bank Middle East, Hang Seng Bank, M&S Bank and HSBC Finance.
The company claims to participate in various corporate social responsibility (CSR) initiatives and has been an official banking partner of the Wimbledon Tennis Championship.
HSBC also provides online banking facilities to the customer.
The bank’s digital business services provide technology, real estate, procurement, and operational services to the business.