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HSBC Holdings: Local To Global

August 13, 2015

HSBC was primarily established as a local bank with international trade in mind. Today it remains true to its roots but on a far grander global scale.

HSBC traces its roots to the year 1865 when HSBC was established to finance trade between Europe and Asia. This was to be a local bank based in Hong Kong serving international needs. The experience of the past 150 years has formed the character of HSBC. It has weathered changes in all forms — revolutions, economic crisis, new technologies — and adapted to survive.

Today, HSBC Holdings Plc operates as a holding company for HSBC Group. It provides banking and financial services through four global businesses, including Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets and Global Private Banking.

HSBC Holdings in now headquartered in London, United Kingdom. It has around 257,603 employees and generates sales of around $80 billion. The company’s operating segments are organized into six geographical regions, including Europe, Hong Kong, Rest of Asia Pacific, Middle East and North Africa, North America and Latin America.

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