HSBC Holdings shares, HSBA stock quotes on the stock exchange

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ISIN code: GB0005405286
Sector: Finance
Industry: Major banks

Le actions of HSBC Holdings are listed on the London Stock Exchange under the ticker HSBA.

View the stock's listing history on the London Stock Exchange

Company Description

HSBC Holdings plc is a British banking group. It is the second largest bank in Europe behind BNP Paribas and one of the largest banking and financial services groups in the world. In terms of assets, it is the second largest bank in the world, behind Industrial and Commercial Bank of China (ICBC). As of 2020, it was the sixth largest bank in the world by total assets and market capitalization. As of December 2020, he has a total net worth of $204,995 billion and assets of $2,984 trillion.
Its headquarters are located in HSBC Tower in London's Docklands.

HSBC is organized in three business divisions:

• Wealth and Personal Banking
• commercial banking
• Global Banking and Markets

It operates in 64 countries on all continents with approximately 226 employees. In Italy it has been active since 1995 offering all types of banking services. The bank is among the most active in the export finance sector and in the financing of Italian exports. The Italian office is in Milan.

The largest revenues come from outside the UK (about 80%), mainly from Asia and Southeast Asia (about 56%, Hong Kong alone 22%).

HSBC Holdings plc is listed on the London and Hong Kong stock exchanges. It has secondary listings on the New York Stock Exchange and the Bermuda Stock Exchange. The shares are held by approximately 194,000 shareholders in 130 countries and territories.

I main shareholders from HSBC:

• Ping An Asset Management Co., Ltd., 8,15%
• The Vanguard Group Inc, 3,09%
• Norges Bank Investment Management, 2,83%
• BlackRock Fund Advisors, 2,45%
• Legal & General Investment Management Ltd., 1,49%
• SSGA Funds Management, Inc., 1,05%

Turnover in 2020 was 50,429 billion euros with a net profit of 6,099 billion.

Among main subsidiaries and subsidiaries of the HSBC group are:

• The Hong Kong and Shanghai Banking Corporation
• Hang seng bank
• HSBC Bank plc
• HSBCFinance
• HSBC Bank Canada
• HSBC Bank India
• HSBC Bank Malaysia
• HSBC Bank Middle East
• HSBC Bank USA
• HSBC Mexico
• HSBC Sri Lanka
• HSBC UK Bank plc
• M&S Financial Services plc

HSBC slogan "The local bank of the world".

Economic and financial analysis of the company

HSBC, an acronym for Hong Kong & Shanghai Banking Corporation, was founded in Hong Kong in 1865 by Thomas SutherlandScottish financier. The institute was created with the aim of managing and financing the traffic that came from the new British colonies in Asia. The bank acted as an issuer in Hong Kong and Shanghai. Outside the colonies, the first branch was opened in 1867 in Yokohama in Japan.

Over the years HSBC became one of the leading banks in Asia. The bank managed the treasury of the British colonial government in China, Japan, Penang and Singapore. At the end of the XNUMXth century, HSBC became the leading financial institution in Asia.

After the end of the First World War it had a period of great expansion and began to diversify its activities.

In 1959 it acquired the British Bank of the Middle East , Mercantile Bank (based in India).

In 1965 he acquired the Hang seng bank of Hong Kong.

During the eighties he attempted a takeover Royal Bank of Scotland, which was blocked by the British government.

Increases its international presence by setting up subsidiaries in Canada, HSBC Bank Canada, and in Australia, HSBC Bank Australia Limited.

In 1987 it acquired 14,9% of the Midland Bank in the UK.

In 1991 the. was founded in London HSBC Holdings plc as parent company of the HSBC Group. This move was due in view of the return of Hong Kong to China in 1997. The Bank is listed on the London index.

In 1992 it won the tender for control of the entire ownership of Midland Bank giving HSBC an important presence on the market in the United Kingdom. As a result of this operation, it moved its world headquarters from Hong Kong to London.

In 1997 he invested in South America with the acquisitions of Bamerindus Bank of Brazil for 1 billion dollars and of Argentina Roberts SA de Inversions for 600 million dollars.

Since November 1998 it has adopted the current acronym HSBC.

In May 1999, buy the Republic National Bank of New York for 10,3 billion dollars.

In the XNUMXs it expands on European territory: it acquires the Credit Commercial de France, a French bank for £6,6 billion, the Demirbank, an insolvent Turkish bank, the Polski Kredyt Bank SA of Poland for 7,8 million dollars. In the UK acquires Marks & Spencer Retail Financial Services Holdings Ltd for £763 million.

In August 2002, HSBC acquired the Grupo Financiero Bital, SA de CV, Mexico's third largest retail bank for $1,1 billion while in November it acquired, for $15,5 billion, Household Finance Corporation (HFC), a US credit card issuer.

In 2006 he bought 90 branches in Argentina of National Labor Bank for 155 million dollars.

In Asia it buys 19,9% ​​of the Bank of Communications in Shanghai, the Bank of China in Taiwan and IL&FS Investment, an Indian retail brokerage firm.

HSBC is accused by the magazine Bloomberg Markets money laundering schemes for drug dealers and state sponsors of terrorism.

Following the 2008 crisis, it announced the closure of its branch network in the United States, resulting in the loss of nearly 6.000 jobs. Sells Ccommunity Bank, NA and Five Star Bankha to KeyCorp for approximately $1 billion. As of August 2011, sells HSBC's US credit card business to Capital One Financial Corp for 2,6 billion euros.

In 2012, HSBC was investigated by the US Senate Permanent Subcommittee for serious deficiencies in its anti-money laundering practices.
On December 11, 2012, he agreed to pay a record $1,92 billion fine for money laundering.

In 2013 the corporate strategy was rethought. The new plan calls for a scaling back of large-scale operations and a reduction in expenses.; HSBC would no longer aim to be a "local bank of the world" due to excessive costs. This new plan would have saved the bank about $3,5 billion. It also cuts 25.000 jobs and goes out of business in 20 countries.

In June 2014 he sells to Swiss Re the UK pension business of HSBC Life (UK) Limited, one of its subsidiaries. The cost of the operation is £4,2 billion.

In August 2015, he sold his business in Brazil to Banco Bradesco for 5,2 billions of dollars.

In 2019 it announces a 33% drop in profits.

To 2020, it announces the cutting of 35.000 jobs worldwide. Closes several branches in the UK. The bank's new focus is to focus on its operations in Asia and expand into the Middle East.

As of May 2021, it is reducing its involvement in the US retail banking sector.