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HSBC

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. 

 

Ex-HSBC manager called before Senate an HK veteran

A former top executive of HSBC who told a United States senate hearing of his 'pain and embarrassment'' at the bank becoming a money-laundering conduit for drug cartels, rogue states and terrorist groups was born in Hong Kong and worked for the bank in the city for nearly 20 years.