The Hongkong and Shanghai Banking Corporation was founded in Hong Kong on March 3, 1865, and in Shanghai one month later. In 1980, HSBC acquired 51 per cent of Marine Midland Bank, buying the rest in 1987. HSBC Holdings was established in Britain in 1991 as the parent of The Hongkong and Shanghai Banking Corporation ahead of its purchase of the UK-based Midland Bank and the impending 1997 transfer of sovereignty of Hong Kong from Britain to China.
HSBC Holdings and Standard Chartered have underpinned their expansion into emerging markets on similar expectations: that those economies would boom and trade would flourish.Sunday, 9 August, 2015, 10:58pm
HSBC reports second-quarter earnings, reporting a 10% rise year-on-year. （Photo: Reuters)
HSBC Holdings posted strong earnings for the first half of the year on Monday while also disclosing an agreement to sell its entire business in Brazil to Banco Bradesco for US$5.2 billion.3 Aug 2015 - 6:18pm
HSBC has fired six staff in Britain after they performed a mock Islamic State-style execution of an Asian colleague during a team-building day out and posted footage online, a spokesman confirmed.7 Jul 2015 - 3:52pm 13 comments
Fifteen of the world’s largest banks are under investigation on suspicion of rigging the Brazilian currency, antitrust watchdog Cade said, the first such probe in one of the busiest foreign-exchange markets globally.3 Jul 2015 - 6:24pm
HSBC has ended its marketing tie-up with financial information firm Markit Ltd to produce the China Purchasing Managers Index (PMI), an HSBC spokesperson in Shanghai said.
The spokesperson described the co-operation with Markit to produce the closely watched index as a success but said that HSBC was moving to developing other opportunities.26 Jun 2015 - 12:33pm
HSBC Holdings' head of global regulation said a major question mark is still hanging over efforts to raise loss-absorbing capital that will make it compliant with the latest wave of global regulation by the close of 2018.18 Jun 2015 - 12:09pm
HSBC will shed almost 25,000 jobs and take an axe to its investment bank, cutting the assets of Europe's biggest lender by a quarter in a bid to simplify and improve its sluggish performance. (Photo: EPA)
Hong Kong heads will not roll as HSBC Holdings slashes up to 25,000 jobs worldwide and sells off its troubled operations in Turkey and Brazil.
Instead, as the bank slims down on assets in many markets worldwide, the Pearl River Delta would see a boost in investment, the bank said on Tuesday at a high-profile meeting with investors in London.10 Jun 2015 - 12:16pm 2 comments
HSBC Holdings can tell investors at a meeting on Tuesday that it plans to slash jobs, hawk off global businesses or even ditch its tax domicile in Britain. But there’s likely little the bank has to share that they don’t see coming.8 Jun 2015 - 6:06pm
Share prices of global banking giant HSBC were at their lowest level in almost six weeks by midsession in Hong Kong on Tuesday following reports the bank may announce the dismissal of thousands of people next week.2 Jun 2015 - 12:31pm