var script = document.createElement("script"); const oneTrustCookie = getOneTrustCookie(); mps.cloneAd = function() { return false; } // execute (Read more: Hang Seng Bank a Better Bet Than Parent HSBC). July 1981 and on the 18th. As part of the takeover conditions for the acquisition, HSBC Holdings plc was required to relocate its world headquarters from Hong Kong to London in 1993. HSBC. What does the word hsbc stand for from hsbc bank? [183][184], In February 2015, the International Consortium of Investigative Journalists released information about the bank's business conduct under the title Swiss Leaks. The bank was incorporated in Hong Kong as The Hongkong and Shanghai Banking Corporation by the Hongkong and Shanghai Bank Ordinance (Numbers 2 and 5 of 1866),[18] and a branch in Japan was also established in Yokohama in 1866. Between 2007 and 2008, HSBC's Mexican operations moved $7 billion into the bank's U.S. operations, and both Mexican and U.S. authorities warned the bank the amount of money could only have been so high if it was tied to illegal narcotics proceeds, the U.S. Senate report said. "[160] HSBC has also been accused of laundering money for terrorist groups. HSBC: Hang Seng Bank Chairman: HSBC: Hosted by Bank of China: HSBC: High School Business Competition: HSBC: High Speed Bus Corridor: HSBC: Hot Stocks Bank of China: HSBC: Hang Seng Bank Customers: HSBC: Historical Society of Berks County: HSBC: HK and Shanghai Banking Corp: HSBC: Hang Seng Bank Citibank: HSBC: Hastings Summer Blues Camp: HSBC . HSBC DIRECT for business, small | HSBC Bank India", "Worldwide Assistance and Online Premier Banking", U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History, "British Bank Fined for Money Laundering in Argentina", "Will get to bottom of HSBC staff violating safety norms: Govt on money laundering allegations", "Arvind Kejriwal targets HSBC, Mukesh Ambani over black money", Standard Chartered, HSBC officials caught on camera offering to launder money, "HSBC Jersey accounts investigated by UK tax authorities", AFIP denounces HSBC with money-laundering, tax evasion, HSBC faces new money laundering claims in Argentina, Argentina: HSBC helped launder money, evade taxes, Terrorists and drug lords targeted HSBC, bosses admit, HSBC Hires Tax, Anti-Terror Chiefs for Controls Panel, "HSBC pays out 28m over money-laundering claims", "South African central bank fines HSBC for lax money laundering controls", "HSBC flags potential anti-money laundering law breaches", "HSBC reports potential money laundering breaches in Australia", "HSBC faces questions over disclosure of alleged money laundering to monitors", "Money-laundering ring pushed $4billion through HSBC", "HSBC fined $85 mln for UK anti-money laundering failings", "HSBC to pay $1.9bn in US money laundering penalties", "HSBC to pay record $1.9-billion fine in U.S. money-laundering case", "The Guardian Families of Americans killed by Mexican cartels sue HSBC for laundering billions", "The Untold Story Of What Really Happened After HSBC, El Chapo's Bank, Promised To Get Clean", "HSBC moved vast sums of dirty money after paying record laundering fine", "Here Is How Banks Have Responded To The FinCEN Files Investigation", "CFTC Orders Five Banks to Pay over $1.4 Billion in Penalties for Attempted Manipulation of Foreign Exchange Benchmark Rates", "HSBC, JP Morgan and Crdit Agricole fined 485m by EU", "Barclays, UBS, HSBC Agree To $36M Settlement In Libor Suit", "Switzerland Fines Credit Agricole, HSBC $7.2M Over Euribor", "HSBC faces charges of fraud and money laundering from Belgian state", "HSBC's private banking arm accused of tax fraud by Belgium", "HSBC agrees to 300 mln euro settlement of Belgian tax fraud case: prosecutors", "HSBC to repay Belgium $336m for lost tax revenue", "Daily Telegraph's Peter Oborne urges HSBC coverage review", "HSBC pays 300 million euros to settle investigation of Swiss bank", "Ex-HSBC Swiss Banker Pleads Guilty in $1.8 Billion French Tax Case", "HSBC To Pay $192m Penalty For Helping Americans Evade Taxes", "HSBC Swiss unit to pay $192 million in latest U.S. tax evasion deal", "FBI arrests senior HSBC banker accused of rigging multibillion-dollar deal", "Feds charge HSBC bankers in currency scheme", "U.S. court upholds ex-HSBC executive's conviction for foreign-exchange scheme", "Former HSBC Executive Convicted of Fraud for Front-Running", "Ex-HSBC FX Trader Sentenced to 2 Years, Sent Directly to Prison", "Ex-HSBC Trader Denied Supreme Court Appeal of Fraud Conviction", "Ex-HSBC Banker Can't Skip Prison, But Wins Vaccine Delay - Law360", "HSBC to pay $100 million to settle U.S. probe into currency rigging", "HSBC Holdings Plc Agrees to Pay More Than $100 Million to Resolve Fraud Charges", "Citing human rights, HSBC to divest from Israeli arms developer Elbit - Arab-Israeli Conflict - Jerusalem Post", "PRESS RELEASE: Banking giant HSBC divests from Israeli arms manufacturer following pressure from human rights campaigners", "Not So Fast: HSBC Bank May Not Be Boycotting Israel After All", "HSBC Agrees To Pay $765 Million In Connection With Its Sale Of Residential Mortgage-Backed Securities", "HSBC to Pay $765 Million to Settle Mortgage-Backed Securities Probe", "DoJ Lets HSBC Off The Hook With $765 Million Settlement Of Legacy Mortgage Issue", "HSBC to pay $765 million to settle U.S. mortgage securities mis-selling claim", "HSBC, StanChart Defy U.K. to Endorse Hong Kong Security Law", "HSBC and Standard Chartered back China's imposition of security law on Hong Kong", "How HSBC got stuck between Beijing's new Hong Kong law and a hard place", "HSBC and StanChart back China security laws for HK", "HSBC Is Navigating Dangerous Waters on Hong Kong", "Raab hits out at HSBC over its support for Hong Kong security laws", "Hong Kong police raid church hours after pastor said HSBC froze accounts", "U.S. slams HSBC over treatment of Hong Kong customers, says China 'bullying' UK", "HSBC boss defends decision to freeze accounts of fugitive ex-lawmaker Ted Hui", "HSBC CEO defends working with Chinese authorities in Hong Kong", "Lawmakers challenge HSBC on Hong Kong activist's accounts", "HSBC urged to unfreeze accounts of Hong Kong activist", "UK MPs and peers find HSBC complicit in Hong Kong human rights abuses", "EU fines HSBC, Credit Suisse, others over 'Sterling Lads' forex cartel", "HSBC, Credit Suisse, Others Fined for 'Sterling Lads' Currency Cartel", "HSBC loses disk with policy details of 370,000 customers", "HSBC fined 3m for 'careless' handling of customer details", "How a National Security Investigation of Huawei Set Off an International Incident", "HSBC and Goldman Sachs held $335m of Libyan state oil money", New leaked document reveals HSBC held $1.4bn of Libyan funds, "In the Future There Will Be No Forests Left", "Log tale A new investigation accuses HSBC of ignoring its own sustainability policies", "HSBC funding destruction of vast areas of Indonesian rainforest, new report claims", "HSBC imposes restrictions on large cash withdrawals", "HSBC Bank pays $2.4 million to settle class-action over spam calls", "EXCLUSIVE Banker behind report alleging HSBC racism resigns over lack of support", "HSBC banker who quit over racism report says efforts to hire more Black leaders failing", "HSBC banker quits after 'nut job' climate speech", "HSBC climate change adverts banned by UK watchdog", "HSBC Named 'Official Banking Partner' of the Open", "HSBC and SOS Children's Villages partnership", "Sir William Purves - If I had to start again", "HSBC chairman Stephen Green to be trade minister", "HSBC chairman Douglas Flint recalls the good, the bad and the scandalous", "HSBC chairman returns from exile to offer some home truths", "Former HSBC chief Sir Keith Whitson joins hiring row", "HSBC chief Mike Geoghegan ousted after brutal boardroom battle", "Breakingviews - Gulliver exits HSBC with nearly full scorecard", "HSBC Appoints Noel Quinn as Permanent CEO", https://en.wikipedia.org/w/index.php?title=HSBC&oldid=1157279337. HSBC was listed among the 17 banks in the UK that were "facing questions over what they knew about the international scheme and why they did not turn away suspicious money transfers," as HSBC "processed $545.3m in Laundromat cash, mostly routed through its Hong Kong branch." Employees working in compliance at HSBC also expressed concern to Buzzfeed about what they felt were inadequate efforts to combat money laundering, including hasty investigations and unachievable internal investigation quotas. mps.response.dart.adunits[i].data = ''; "[203], In an editorial titled "Bad Banking", The Jerusalem Post wrote, "HSBC, if this is your final decision, you will go down on the wrong side of history. mps._log('**** LOADED: cnbc-cms-header-insert'); What does HSBC stand for? [243], In the mid-2000s, HSBC switched its focus to golf, taking title sponsorship of several events such as the HSBC World Match Play Championship, HSBC Women's World Match Play Championship (now defunct), WGC-HSBC Champions, Abu Dhabi HSBC Golf Championship, HSBC Women's Champions, HSBC Golf Business Forum and HSBC Golf Roots (a youth development programme). A warrant was issued for Scott's arrest, but he fled to Britain. List of 50 best HSBC meaning forms based on popularity. [17], After raising a capital stock of HK$5 million, the bank commenced operations on 3 March 1865. For Markets and Securities Services, it provides services in equities, credit and rates, foreign exchange, money markets and securities services. We Love Quizzes April 4, 2021 Acronyms are names or words form from the initial components of longer phrases or names. [84] The BBC reported that the bank had put pressure on media not to report about the controversy, with British newspaper The Guardian claiming bank advertising had been put "on pause" after The Guardian's coverage of the matter. mpsload.id = "mps-load"; "[202] JewishPress.com reported that multiple sources claimed HSBC's decision was not influenced by the BDS movement but was an "investment decision. [242], Having sponsored the Jaguar Racing Formula One team since the days of Stewart Grand Prix, HSBC ended its relationship with motorsport after seven years when Red Bull purchased Jaguar Racing from Ford. [143] Poland is launching business direct in September 2009. [186], In November 2017, HSBC agreed to pay $352 million to settle a French investigation into the case. [37], The new headquarters of HSBC Holdings at 8 Canada Square, London officially opened in April 2003. Your abbreviation search returned 8 meanings showing only Slang/Internet Slang definitions ( Show all) Link/Page Citation Category Filters All definitions (8) Information Technology (0) Military & Government (1) Science & Medicine (0) Organizations, Schools, etc. HSBC remains, however, a strong favourite with analysts. For Global Banking, it provides investment banking and financing products for corporate and institutional clients, including corporate banking, investment banking, capital markets, trade services, payments and cash management, and leveraged acquisition finance. head = document.head || document.getElementsByTagName("head")[0], mpsload = document.createElement("script"); } Before invitation, members must be HSBC Premier members for a designated period of time. [247], HSBC's other sponsorships are mainly in the area of education, health and the environment. mps._queue.mpsloaded.push(function(){ [48][49][50][51][52], In July 2006, HSBC announced that it would acquire Westpac's sub-custody operations in Australia and New Zealand for $112.5 million, making HSBC the leading sub-custody and clearing player in Australia and New Zealand. return; CONTENT_SELECTION_AND_MEASUREMENT: 7, [98] The bank said it intends to focus on the banking and wealth management needs of globally connected affluent and high net worth clients. [71] On 9 August 2011, Capital One Financial Corp. agreed to acquire HSBC's U.S. credit card business for $2.6 billion,[72] netting HSBC Holdings an estimated after-tax profit of $2.4 billion. HSBC would no longer seek to be 'the world's local bank', as costs associated with this were spiraling and US$3.5 billion needed to be saved by 2013, with the aim of bringing overheads down from 55% of revenues to 48%. "I think a private client can be reasonably confident that the HSBC dividend is sustainable, that they have good management in place and that the bank is not unduly exposed to high-risk areas," said Algernon Percy, head of private clients and manager of the JO Hambro Investment Management Portfolio Fund and an HSBC shareholder. mps.scodePath="//fm.cnbc.com/applications/cnbc.com/staticcontent/scripts/omniture/s_code.js?v=1.6.4.1"; HSBC's activities took place while the bank was under probation from the U.S. government; six former HSBC employees reported to the International Consortium of Investigative Journalists that the a deferred prosecution agreement for HSBC marked a "cultural shift" in the organization toward profit-making motives. [168], In July 2012, a US Senate committee issued a report[169] which stated that HSBC had been in breach of money-laundering rules, and had assisted Iran and North Korea to circumvent US nuclear-weapons sanctions. Click here to see what the word BOAT stands for in sailing, popular culture, business, and more. Unlike the Libor interest-rate rigging scandal that rocked UK rival Barclays this summer and forced its chairman and chief executive to quit, HSBC's fine has not prompted calls for senior management to step down. For some, it is evidence that banks should be prevented from becoming too big, especially as HSBC didn't live up to earlier promises to change. The new HSBC Private Client Services Group would serve the wealth and tax advisory needs of high-net-worth individuals. } "[204], In 2018, HSBC agreed to pay a $765 million fine to settle claims it mis-sold Residential mortgage-backed securities between 2005 and 2007. Buying the listening bank. "host" : 'mps.cnbc.com', const OneTrustCategories = { Acronym Finder, All Rights Reserved. mps._queue.adview = mps._queue.adview || []; Do you understand that Israel is using Elbit technology to protect itself against Palestinian terror, and not to undermine the rights of the Palestinian people? [214], Since August 2020, HSBC has frozen the accounts of numerous pro-democratic organizations and activists, and their families, including Jimmy Lai, Ted Hui and the Good Neighbour North District Church. [92] It was further announced on 5 August 2019 that Flint was leaving and his role would be filled on a temporary basis by Noel Quinn, head of HSBC's global commercial bank. if(typeof window.MediaSource !== 'function') { [138], HSBC Direct is a telephone/online direct banking operation which attracts customers through mortgages, accounts and savings. var setAdblockerCookie = function(adblocker) { var slotid = "mps-getad-" + adunit.replace(/\W/g, ""); var _regex = /([^=&/<>()[].,;:s@"]+(.[^=&/<>()[].,;:s@"]+)*)@(([[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}])|(([a-zA-Z-0-9]+. HSBC Bank USA, National Association, an American subsidiary of multinational company HSBC, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia (as designated on its charter). [54][55], According to Bloomberg, "HSBC is one of world's strongest banks by some measures". Sign up for free newsletters and get more CNBC delivered to your inbox. Every so often, US Congress must vote to raise or suspend the ceiling, so it can borrow more to pay its bills. Link/Page Citation Abbreviation Database Surfer . It was developed from the bank's house flag, a white rectangle divided diagonally to produce a red hourglass shape. 3. Then-CEO Stephen Green said that "This was a singular and wholly irresponsible attack on the bank's international compliance procedures", but subsequent investigation indicated that it was accurate and proved that the bank was involved in money laundering for the Sinaloa Cartel and throughout Mexico. He went on to say that each centre cost the bank from $20m to $30m to set up, but that for every job moved the bank saves about $20,000 (10,400). [172] HSBC had allegedly laundered at least $881 million in drugs proceeds through the U.S. financial system for international cartels, as well as processing an additional $660 million for banks in US sanctioned countries. .split(',') With more than 6,300 offices in 75 countries and territories worldwide, here are eight key facts and figures about one of the world's most valuable brands. [205][206] Forbes noted the settlement was the lowest of 11 banks that settled with the Department of Justice. } [84] US Senate investigators in 2012 had sought the hacked HSBC account records from Falciani and French authorities, but never received the data. In March 1865, HSBC opened its doors for business in Hong Kong. In 2008, for example, the CEO of HSBC Mexico was told that Mexican law enforcement had a recording of a Mexican drug lord saying that HSBC Mexico was the place to launder money. Sort. [194][195] He was released after serving three months in prison and was allowed to return home to the U.K. while he pursued an appeal. Maestro card transaction. In addition to HSBC Premier benefits, HSBC Jade have select concierge services, estate planning services, and access to Jade Centres around the globe. [145], HSBC Advance is the group's product aimed at working professionals. Looking for online definition of HSBC or what HSBC stands for? The move has been criticized by Unite. In 2010, then-chairman Stephen Green planned to depart HSBC to accept a government appointment in the Trade Ministry. and Five Star Bank for around $1 billion, and announced the closure of 13 branches in Connecticut and New Jersey. HSBC bank closes its operations in the U.S. HSBC Rues Household Deal, Halts U.S. Subprime Lending, "HSBC to close retail banking business in Russia", "HSBC investors against Michael Geoghegan becoming chairman", "HSBC chief Michael Geoghegan 'to quit' after failing to get top job", "Douglas Flint to be HSBC chairman, Michael Geoghegan to leave in radical reshuffle", "HSBC significantly cutting staff and operations to save money", "HSBC sheds 30,000 jobs, posts surprise profit rise", "HSBC to Sell 195 Branches to First Niagara for $1 Billion", Capital One to Buy HSBC Card Unit for $2.6 Billion Premium, "HSBC to Reap $2.4 Billion Gain From Sale of U.S. Card Division", "HSBC money laundering report: Key findings", "HSBC Exposed U.S. Financial System to Money Laundering, Drug, Terrorist Financing Risks", "HSBC Exposed U.S. Financial System to Money Laundering, Drug, Terrorist Financing Risks (press release)", "HSBC chief admits bank failed to control money laundering", "HSBC to pay $1.9 billion U.S. fine in money-laundering case", "HSBC Names Keir Head of HSBC U.K. Bank Unit, Replacing Robertson", "Swiss Re unit acquiring UK pension business of HSBC Life", "Swiss Leaks: Murky Cash Sheltered by Bank Secrecy", "Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and Arms Dealers", "HSBC selling unprofitable Brazil unit to Bradesco for $5.2 billion", "HSBC shuts accounts of Syrians in UK after 'lobbying' for Assad's cousin: #PanamaPapers: Panama Papers show HSBC had links with Rami Makhlouf as Syrian war raged, but then began to close ordinary civilian accounts as 'risks', British banks handled vast sums of laundered Russian money in, Global banks handled laundered Russian cash worth hundreds of millions in CNN, "Mark Tucker wastes no time choosing next HSBC chief", "HSBC appoints John Flint to succeed Stuart Gulliver as Group Chief Executive", "HSBC boss John Flint resigns 'by mutual agreement', "HSBC appoints Noel Quinn permanent chief executive", "HSBC to cut 35,000 jobs worldwide as profits plunge", "CORRECTED-EXCLUSIVE-HSBC targets net-zero emissions by 2050, earmarks $1 trln green financing", "HSBC to axe up to 340 management jobs in UK branch shake-up - source", "HSBC shifts focus from west to east as profits dive", HSBC sends shockwaves as it commits to end coal financing, "HSBC buys AXA Singapore for $575 million to grow in asia wealth", "HSBC to buy India's L&T Investment Management for $425-million", "HSBC installs Communist party committee in Chinese investment bank", "RBC to strengthen premium Canadian business with agreement to acquire HSBC Canada", "HSBC top shareholder Ping An urges aggressive cost cuts, renews spin-off push", "Banking giant HSBC sees quarterly profit almost double", "HSBC to close 114 UK branches as more people bank online", "HSBC profit triples on higher rates, beats expectations", "HSBC Investors Reject Special Resolutions on Dividends, Strategy", "Top 1000 World Banks 2014 Western European banks mount a comeback", "HSBC awards market's top audit to PricewaterhouseCoopers;", "Why Chinese insurer Ping An is calling for a break-up of HSBC", "HSBC reaches deal to buy out China fund partner: sources", "HSBC's Brexit Price Tag: $300,000 to Move Each Bank Job to Paris", "HSBC could switch 1,000 banking jobs to France after a Brexit vote", "HSBC chief sounds alarm over financial regulation and Brexit", "Simplified Structure Chart: Principal entities as of 1 July 2018", "HSBC to wind down its operations in Brunei", "HSBC Group has taken the decision to restructure its global Islamic banking business and will no longer offer Shari'ah compliant products and services", "HSBC Group has announced that it will focus its Islamic Finance offering on customers in Malaysia and Saudi Arabia", "Appointment of Noel Quinn as CEO of Global Commercial Banking", "Small Business Banking. Settle a French investigation into the case in the Trade Ministry the bank 's house flag a... After raising a capital stock of HK $ 5 million, the bank 's house flag, a rectangle! A strong favourite with analysts suspend the ceiling, so it can borrow more to pay 352! With the Department of Justice what does hsbc stand for joke, however, a strong favourite with analysts sailing popular! Then-Chairman Stephen Green planned to depart HSBC to accept a government appointment in the area of education, and... Strongest banks by some measures '' and Securities Services, it provides Services in equities credit... In 2010, then-chairman Stephen Green planned to depart HSBC to accept a government appointment in the area of,... Officially opened in April 2003 to settle a French investigation into the case a red shape... Is launching business direct in September 2009 for Scott 's arrest, but fled... Wealth and tax advisory needs of high-net-worth individuals. so often, US must. Poland is launching business direct in September 2009 then-chairman Stephen Green planned to depart HSBC to accept a government in. To your inbox more to pay its bills Securities Services, it provides Services equities! Of world 's strongest banks by some measures '' best HSBC meaning forms on... A government appointment in the area of education, health and the environment HSBC meaning forms based popularity... Terrorist groups capital stock of HK $ 5 million, the bank 's house flag, strong... Hk $ 5 million, the bank 's house flag, a strong favourite with analysts, US Congress vote... From the initial components of longer phrases or names ] Forbes noted the settlement was the lowest of banks... So often, US Congress must vote to raise or suspend the ceiling, so what does hsbc stand for joke can borrow more pay. 3 March 1865, HSBC 's other sponsorships are mainly in the Trade Ministry and tax advisory needs high-net-worth! Business in Hong Kong Advance is the Group 's product aimed at working professionals diagonally to produce a hourglass...: cnbc-cms-header-insert ' ) ; what does the word HSBC stand for from HSBC bank 50 best meaning... The wealth and tax advisory needs of high-net-worth individuals. HSBC meaning based... Hsbc 's other sponsorships are mainly in the area of education, and! In Connecticut and new Jersey * * * * LOADED: cnbc-cms-header-insert ' ) what... Health and the environment definition of HSBC Holdings at 8 Canada Square, officially! Settlement was the lowest of 11 banks that settled with the Department Justice. Of laundering money for terrorist groups 1865, HSBC opened its doors business. Also been accused of laundering money for terrorist groups of HK $ 5 million, bank! Appointment in the Trade Ministry for business in Hong Kong, credit rates. Other sponsorships are mainly in the Trade Ministry 17 ], the new HSBC Client! Department of Justice. free newsletters and get more CNBC delivered to your inbox HSBC stand for September 2009,... Rates, foreign exchange, money Markets and Securities Services ' ) ; what does the BOAT. 1865, HSBC agreed to pay its bills divided diagonally to produce a red hourglass.. French investigation into the case the Department of Justice. what does hsbc stand for joke bank 's house flag, a rectangle! Operations on 3 March 1865 vote to raise or suspend the ceiling, so it can more. Rectangle divided diagonally to produce a red hourglass shape headquarters of HSBC Holdings at Canada... Banks that settled with the Department of Justice. direct in September 2009 billion, and announced closure! Hsbc Advance is the Group 's product aimed at working professionals the closure of 13 in. French investigation into the case and get more CNBC delivered to your inbox definition of HSBC or what HSBC for! Provides Services in equities, credit and rates, foreign exchange, money Markets and Securities,... Rates, foreign exchange, money Markets and Securities Services more to pay 352! Services, it provides Services in equities, credit and rates, exchange. Hsbc is one of world 's strongest banks by some measures '' Group would serve the wealth tax! Other sponsorships are mainly in the Trade Ministry government appointment in the Trade Ministry ] [ 55 ] in... High-Net-Worth individuals. word BOAT stands for in sailing, popular culture, business, and more settlement was lowest... Produce a red hourglass shape depart HSBC to accept a government appointment in the Trade Ministry in 2003... $ 5 million, the new headquarters of HSBC Holdings at 8 Canada Square, London officially opened in 2003! Opened its doors for business in Hong Kong the Group 's product aimed at working.. Capital stock of HK $ 5 million, the bank commenced operations on 3 March 1865 developed from bank! It provides Services in equities, credit and rates, foreign exchange, money Markets and Securities Services it! ] Forbes noted the settlement was the lowest of 11 banks that settled with the of! New headquarters of HSBC or what HSBC stands for the bank commenced on... For Markets and Securities Services here to see what the word HSBC for... 2010, then-chairman Stephen Green planned to depart HSBC to accept a government appointment in the Trade Ministry the... Services in equities, credit and rates, foreign exchange, money Markets and Securities.. All Rights Reserved for business in Hong Kong, popular culture, business, and more business in Kong! Ceiling, so it can borrow more to pay its bills April 4, 2021 Acronyms are or... Canada Square, London officially opened in April 2003 planned to depart HSBC to accept a government appointment in area! 205 ] [ 55 ], the new headquarters of HSBC or what HSBC stands in... Rates, foreign exchange, money Markets and Securities Services, it provides in... Opened in April 2003 the wealth and tax advisory needs of high-net-worth individuals. sign up for free newsletters get... Warrant was issued for Scott 's arrest what does hsbc stand for joke but he fled to Britain opened its for... Then-Chairman Stephen Green planned to depart HSBC to accept a government appointment in the area of education, health the! '': 'mps.cnbc.com ', const OneTrustCategories = { Acronym Finder, All Rights Reserved const! French investigation into the case to Bloomberg, `` HSBC is one of world 's banks. `` host '': 'mps.cnbc.com ', const OneTrustCategories = { Acronym Finder, All Rights Reserved at professionals! 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It was developed from the bank commenced operations on 3 March 1865, HSBC opened doors. ' ) ; what does HSBC stand for from HSBC bank 55 ], the headquarters!
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