HSBC, officially known as The Hongkong and Shanghai Banking Corporation Limited, is a wholly owned subsidiary of HSBC, the largest bank in Hong Kong, and operates branches and offices throughout the Indo-Pacific region, and in other countries around the world.
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HSBC was born from one simple idea – a local bank serving international needs. HSBC is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China.
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Which Country Owns HSBC Bank?
What Is the Full Name of HSBC Bank?
The bank’s name is derived from the initials of The Hongkong and Shanghai Banking Corporation Limited, the founding member of HSBC. HSBC’s red and white hexagon symbol was developed from the bank’s original house flag which was in turn based on the cross of St Andrew.
Is HSBC Corrupt?
The FinCEN Files show that people in HSBC’s US compliance office — the department charged with making sure the bank follows anti–money laundering laws — filed reports identifying more than $2 billion in transactions through the company’s Hong Kong subsidiary that bore the hallmarks of possible criminal activity.
Is My Money Safe with HSBC?
Your eligible deposits with HSBC UK Bank plc are protected up to the FSCS compensation limit by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. … This limit is applied to the total of any deposits you have with HSBC and first direct.
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