HSBC Holdings

Last edited by apocalypticbeef on July 11, 2008 - 11:30am

Company Snapshot:

HSBC Holdings plc is the world's largest financial group in terms of market capitalization. It was also rated the third largest company by Forbes 2000. HSBC Holdings was established in 1991 to act as the parent company to The Hongkong and Shanghai Banking Corporation based in Hong Kong. The group's head office is located in the HSBC Tower (8 Canada Square) by London's Canary Wharf. The group is named after its founding and largest member, The Hongkong and Shanghai Banking Corporation, a bank established in Hong Kong by Thomas Sutherland in 1865 to finance the growing trade between China and Europe.

Ownership status:

Publicly traded

Number of employees worldwide:

312,000

Chief executive officer:

Michael Geoghegan

2008 Global Fortune 500 rank:

Website:

http://www.hsbc.com/

Corporate accountability

Accountability overview:

Fines

On May 27, 2007, NASD announced that it has fined New York's HSBC Brokerage (HBI) $250,000 for failure to have adequate systems in place to supervise government securities transactions to ensure best execution.