How might HSBC be different from U.S. banks? With almost 10,000 offices in nearly 80 countries, HSBC
Question:
How might HSBC be different from U.S. banks?
With almost 10,000 offices in nearly 80 countries, HSBC Holdings is the largest bank in the world. HSBC is named after its founding bank—
Hong Kong and Shanghai Banking Corporation, created in 1865 to finance the growing trade between China and Europe. Today, with headquarters in London, HSBC has a strong financial presence in Europe, Asia, the Americas, the Middle East, and Africa.
HSBC is listed on the London, Hong Kong, New York, Paris, and Bermuda stock exchanges. Shares of the company are owned by about 200,000 stockholders in 100 countries. In the United States, shares traded on the New York Stock Exchange are in the form of American Depository Receipts (ADRs). The U.S. operations of HSBC are a subsidiary of HSBC Holdings, which operates more than 400 branch offices.
This network allows HSBC Bank USA to provide customers with the full array of personal and commercial banking services.
Step by Step Answer: