Hang seng bank branch code5/29/2023 ![]() HSBC is organised within three business groups: Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking. 38 in the world in the Forbes rankings of large companies ranked by sales, profits, assets, and market value. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991 its name derives from that company's initials. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. ![]() HSBC Holdings plc is a British multinational universal bank and financial services holding company. The Hongkong and Shanghai Banking Corporation.
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