HSBC Holdings
HSBC Holdings PLC is one the largest banking groups in the world. It is headquartered in London, with its head office based in the HSBC Tower, London, a part of the Canary Wharf development in the London Docklands. HSBC stands for the Hong Kong and Shanghai Banking Corporation, a name that reflects the bank's Oriental beginings.History of HSBC Holdings
- 1865 - The Hongkong and Shanghai Banking Corporation Limited is established in Shanghai to finance the growing trade between China and Europe.
- 1959 - HSBC aquires The British Bank of the Middle East and the Mercantile Bank (based in India).
- 1965 - Purchase of a controlling interest in Hang Seng Bank
- 1980s - Move into Canadian and Australian markets
- 1992 - acquisition of Midland Bank of the United Kingdom.
- 1999 - acquisition of Republic New York
- 2000 - acquisition of Crédit Commercial de France
- 2003 - acquisition of Household International of the United States.
On November 20 2003, a bomb blast in Istanbul destroyed the bank's head office in Turkey causing several deaths and hundreds of injuries.
See also HSBC.
