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HSBC

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HSBC Holdings plc
Company typePublic limited company
LSE: HSBA
SEHK: 5
NYSE: HSBC (ADR)
FTSE 100 Component (HSBA)
Hang Seng Component (0005)
IndustryBanking, Financial services
Founded
FounderSir Thomas Sutherland
HeadquartersHSBC Tower, London,
London
,
United Kingdom
Area served
Worldwide
Key people
ServicesRetail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance
RevenueDecrease US$47.96 billion (2016)[4]
Decrease US$7.112 billion (2016)[4]
Decrease US$2.479 billion (2016)[4]
Total assetsDecrease US$2.374 trillion (2016)[4]
Total equityDecrease US$175.38 billion (2016)[4]
Number of employees
Increase 235,175 (2016)[4]
Subsidiaries
Websitewww.hsbc.com
HSBC World Headquarters in London.

The HSBC Group is a British[6] banking group, that is the second largest in the world. It was founded in 1865, Hong Kong, by the Scottish banker, Thomas Sutherland. Now, it's head office is in London, in the United Kingdom, in the building known as 8 Canada Square. Although it is a British Bank, it owns lots of banks in other countries around the world, including some in the United States, France, Spain, Argentina, Russia, and China (PR, China).

It has a dual listing on the Hong Kong Stock Exchange and London Stock Exchange, ranked 38th in Forbes' 2022 list of large companies. However, HSBC has been involved in controversies, including fines for money laundering and accusations of setting up tax avoidance schemes.[7][8]

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Logo used from 1998 to 2018, a previous version had the hexagon and HSBC name in differing sizes and positioning
Logo used from 2018 to present

The group announced in November 1998 that the HSBC brand and the hexagon symbol would be adopted as the unified brand in all the markets where HSBC operates, with the aim of enhancing recognition of the group and its values by customers, shareholders and staff throughout the world. The hexagon symbol was originally adopted by the Hongkong and Shanghai Banking Corporation as its logo in 1983. It was developed from the bank's house flag, a white rectangle divided diagonally to produce a red hourglass shape. Like many other Hong Kong company flags that originated in the 19th century, and because of its founder's nationality, the design was based on the cross of Saint Andrew. The logo was designed by Austrian graphic artist Henry Steiner.[9]

In 2018, HSBC made minor changes to their logo. The wordmark was repositioned from left to the right, resized to be smaller, and was switched from Serif to a licensed custom font called Univers Next for HSBC. The logo red was made slightly darker red.[10]

Leadership

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List of former group chairmen

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The position of Group Chairman was formed in 1991; the preceding position, Chairman of The Hongkong and Shanghai Banking Corporation, has remained a separate position.[13]

  1. Sir William Purves (1991–1998); concurrently Group Chief Executive from 1991 to 1993[14]
  2. Sir John Bond (1998–2006)[15]
  3. The Lord Green (2006–2010)[16]
  4. Sir Douglas Flint (2010–2017)[17]

List of former group chief executives

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The position of Group Chief Executive was formed in 1991; the preceding position, chief executive of The Hongkong and Shanghai Banking Corporation, has remained a separate position.[13]

  1. William Purves (1991–1993)[18]
  2. John Bond (1993–1998)[19]
  3. Keith Whitson (1998–2003)[20]
  4. Stephen Green (2003–2006)[16]
  5. Michael Geoghegan (2007–2010)[21]
  6. Stuart Gulliver (2011–2018)[22]
  7. John Flint (2018–2019)[23]
  8. Noel Quinn (2020–2024)[11][24]

References

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  1. ↑ 1.0 1.1 "HSBC's history". HSBC Holdings plc. Archived from the original on 31 January 2013. Retrieved 4 September 2010.
  2. ↑ "The Hongkong and Shanghai Bank Ordinance (Numbers 2 and 5 of 1866)". Legislative Council of Hong Kong (digitalised by the University of Hong Kong (Hongkong University Libraries)). Retrieved 21 June 2015.
  3. ↑ "Consent to Variation of Class Rights, signed, JM Gray, for and on behalf of HSBC Holdings Besloten Vennootschap [of the Netherlands], reproduced as part of Exhibit Number One in Form 20-F filed by HSBC Holdings PLC with the Securities and Exchanges Commission of the United States of America, dated March 20, 2006". HSBC Holdings PLC. Archived from the original on 22 June 2015. Retrieved 21 June 2015.
  4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 "Annual Report 2016". HSBC. Archived from the original on 23 February 2017. Retrieved 15 March 2016.
  5. ↑ UK Ring Fencing | HSBC UK Accessed on 11 December 2017
  6. ↑ "About HSBC".
  7. ↑ TUCKER", "ANDREA MURPHY"," HANK. "The Global 2000 2023". Forbes. Retrieved 2023-06-09.{{cite web}}: CS1 maint: multiple names: authors list (link)
  8. ↑ "Shareholder and dividend information | HSBC Holdings plc". HSBC. Retrieved 2023-06-09.
  9. ↑ "HSBC Logo". FamousLogos.net. Archived from the original on 6 February 2022. Retrieved 24 January 2012.
  10. ↑ "We've changed our look | HSBC". HSBC. Archived from the original on 2 September 2018. Retrieved 2 September 2018.
  11. ↑ 11.0 11.1 HSBC Leadership (Board of Directors)"hsbc.com". Retrieved 7 December 2016.
  12. ↑ "Georges Elhedery Biography". HSBC. Retrieved 7 September 2024.
  13. ↑ 13.0 13.1 Lan, Rixu (2015). Transformation of China's Modern Banking System. Enrich Professional Publishing. ISBN 978-1-62320-080-0.
  14. ↑ "Sir William Purves - If I had to start again". Management Today. 1 December 2003. Retrieved 7 November 2022.
  15. ↑ "Sir John leaves HSBC after 45 years". The Guardian. 27 May 2006. Retrieved 7 November 2022.
  16. ↑ 16.0 16.1 "HSBC chairman Stephen Green to be trade minister". The Guardian. 7 September 2010. Retrieved 7 November 2022.
  17. ↑ "HSBC chairman Douglas Flint recalls the good, the bad and the scandalous". 5 May 2017. Retrieved 7 November 2022.
  18. ↑ "HSBC chairman returns from exile to offer some home truths". Herald Scotland. 4 November 1993. Retrieved 7 November 2022.
  19. ↑ "Sir John Bond". Loughborough University. 2000. Archived from the original on 16 November 2021. Retrieved 7 November 2022.
  20. ↑ "Former HSBC chief Sir Keith Whitson joins hiring row". The Telegraph. 12 September 2010. Retrieved 10 September 2016.
  21. ↑ "HSBC chief Mike Geoghegan ousted after brutal boardroom battle". The Guardian. 23 September 2010. Retrieved 7 November 2022.
  22. ↑ "Breakingviews - Gulliver exits HSBC with nearly full scorecard". Reuters. 20 February 2018. Retrieved 7 November 2022.
  23. ↑ "HSBC boss John Flint resigns 'by mutual agreement'". The Guardian. 5 August 2019. Retrieved 7 November 2022.
  24. ↑ Patrick, Simon Clark and Margot (17 March 2020). "HSBC Appoints Noel Quinn as Permanent CEO". The Wall Street Journal. ISSN 0099-9660. Retrieved 22 September 2020.

Other websites

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Wikimedia Commons has media related to HSBC.


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