What is HSBC? - Explained

HSBC Logo

1. What is HSBC?

HSBC stands for Hongkong and Shanghai Banking Corporation. HSBC is primarily is a bank and HSBC is popular in the global banking industry and global banking. HSBC offers a wide range of banking solutions including retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finances, and insurance products for corporate individuals. HSBC is a global which is presented in many countries in the world currently.

2. History

HSBC was founded by Sir Thomas Sutherland on 3rd March 1865 in Hong Kong which was governed by the British government at the time. Currently, HSBC is headquartered in England and traded publicly on the London Stock Exchange, Stock Exchange of Hong Kong, New York Stock Exchange, Euronext Stock Exchange, and Bermuda Stock Exchange.