Trade HSBC Holdings
HSBC Holdings plc is a British multinational investment bank and financial services holding company. It is the largest bank in Europe, with total assets of US$2.715 trillion (as of August 2020). HSBC traces its origin to Hong Kong in British Hong Kong, and its current form was established in London by the Hong Kong and Shanghai Banking Corporation to operate as a new holding company in 1991; its name is derived from the initials of the company's name. The Hong Kong and Shanghai Banking Company opened branches in Shanghai in 1865, and was the first company officially founded in 1866.HSBC has about 3,900 offices in 65 countries and territories across Africa, Asia, Oceania, Europe, North America and South America, and about 38 million customers. As of 2014, it was the sixth largest public company in the world, according to a composite scale by Forbes magazine. HSBC is organized into four business groups: commercial banking, global banking and markets (investment banking), retail banking, wealth management, and global private banking. In 2020, the Bank announced that it would strengthen its retail banking and wealth management arm with global private banking, to shape wealth and personal banking. HSBC has a dual key listing on the Hong Kong Stock Exchange and the London Stock Exchange and is a component of the Hang Seng index and the FTSE 100. As of October 30, 2020, the market capitalization stood at £66.1 billion, the third largest on the London Stock Exchange. It has secondary listings on the New York Stock Exchange, The Paris Burnstock and the Bermuda Stock Exchange.