According to Bloomberg, "HSBC is one of world's strongest banks by some measures".
When HM Treasury required all UK banks to increase their capital in October 2007, the group transferred £750 million to London within hours, and announced that it had just lent £4 billion to other UK banks.
It has secondary listings on the New York Stock Exchange, Euronext Paris and the Bermuda Stock Exchange.
We provide our customers with quality, non-investment insurance contracts, as well as other targeted, customized risk management products and services.
As an agent and broker, we do not assume underwriting risks with the exception of the activity in The Wright Insurance Group, LLC ("Wright").
S., leading to nearly 6,000 job losses and leaving only the credit card business to continue operating.
Although it was at the centre of the subprime storm, the wider group has weathered the financial crisis of 2007–2010 better than other global banks.
"The Hongkong and Shanghai Bank" was founded by Scotsman Sir Thomas Sutherland in the then British colony of Hong Kong on 3 March 1865, and in Shanghai a month later, benefiting from the start of trading into China, including opium trading.
In 1980, HSBC acquired a 51% shareholding in US-based Marine Midland Bank, which it extended to full ownership in 1987.
In July 2002, Arthur Andersen announced that HSBC USA, Inc., through a new subsidiary, Wealth and Tax Advisory Services USA Inc.
(WTAS), would purchase a portion of Andersen's tax practice.
In November 2002, HSBC expanded further in the United States.