Where is HSBC Corporate Office Headquarters

History

HSBC was founded in the year 1865. The company has been operational for almost 154 years now. The founder of the company was Sir Thomas Sutherland. The former name of the organisation was The Hongkong and Shanghai Banking Corporation. In the year 1980, the organisation had taken over a 51 per cent stake in the Marine Midland Bank, which was fully taken over by HSBC in the year 1987. In the year 1989, the organisation was renamed to Hongkong and Shanghai Banking Corporation Limited. The transformation was completed in the year 1991. Then in the year 1993, the headquarters of the organisation was moved from Hong Kong to London, UK. In the year 1997, the organisation had taken over Banco Bamerindus of Brazil for about $1 billion. The same year, the organisation had also acquired Roberts SA de Inversiones of Argentina for about $60 million. During the year 1999, the organisation had expanded its presence in the USA by purchasing the Republic National Bank of New York for an amount of almost $10.3 billion.

In the year 2000, the organisation started to expand into Europe as well. The first acquisition was the Credit Commercial de France for about 6.6 billion Pounds. In the year 2002, the organisation had acquired Grupo Financiero Bital, SA de CV – which was Mexico’s third largest retail bank for about $1.1 billion. The same year, the organisation had acquired Household Finance Corporation for about $15.5 billion. The next year, the Polski Kredyt Bank SA of Poland was bought over by the organisation for $7.8 billion. Then in the year 2005, the organisation was acquired of money laundering. Two years later, in the year 2007, the company had to write down almost $10.5 billion loss due to the subprime mortgage crisis. In the year 2009, the organisation had shut down its HSBC Finance branch in the USA, and thus almost 6,000 employees were sacked. The same year, the organisation had reported a $9.3 billion profit in the previous year as well. In the year 2014, HSBC Life (UK) Limited had sold off its 4.2 billion Pounds of UK pensions to another company named Swiss Re. In the year 2015, the organisation was recognised as the most trusted foreign bank as well. The following year, the organisation had shut down almost 24 branches out of 50 branches, thereby reducing the overall presence in the country to just fourteen cities. The headquarters of the organisation is based in 8 Canada Square. The name of the place is London, while the name of the country is the United Kingdom. The pin code of the area is E14 5HQ.

About

HSBC is a British banking organisation that focuses on providing various kinds of financial and banking services along with other range of services as well, to its customers and clients all over the world. The current group chairman of the organisation is Mark Tucker. As of the year 2018, the overall revenue generated by the organisation is more than $53.8 billion. Also, as of the year 2018, the total number of employees working in the organisation is more than 235,200. The organisation has over 3,500 offices scattered in around 67 countries all around the globe.

Services

The primary services provided by the organisation include allowing customers and clients to obtain various kinds of financial and banking services offered by the organisation. The organisation deals in retail banking, investment banking, private banking, wealth management, credit cards, finance and insurance services, mortgage loans, etcetera.