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HSBC itself is being sold to other banks, for Eg in Canada it's sold to RBC, in France it's sold to another local bank...
by js4ever 4y ago
HSBC itself is being sold to other banks, for Eg in Canada it's sold to RBC, in France it's sold to another local bank...
- arcticbull 4y agoNot all of it just a couple of their regional subsidiaries. They're the 8th largest bank in the world, just under BNP Paribas and Citigroup.
- karambahh 4y agoIt's sold to MyMoneyBank, formerly known as GE Moneybank... not exactly local :)
- robjan 4y agoHSBC is a British bank with most of the profits being made in Asia (specifically Hong Kong). They may be selling off their unprofitable subsidiaries but the UK operations are pretty stable.
- sofixa 4y ago> HSBC is a British bank with most of the profits being made in Asia (specifically Hong Kong) Funnily that's where their name comes from - Hongkong and Shanghai Banking Corporation Limited, HSBC for short (it's now the official name, HSBC does no longer stand for anything, probably to lessen the obvious imperialistic past in it's name).
- robjan 4y agoThe full name is still printed on most of our banknotes (alongside Bank of China and Standard Chartered who issue a smaller number of notes). I think it's just the parent company who deleted the original meaning.
- dan1234 4y agoIIRC, it stopped standing for anything when they moved the HQ to London in the 90s (following the takeover of Midland Bank), and it became HSBC Holdings plc.