HSBC Holdings plc. is now an international bank with its HQ in Canary Wharf. In 2010 is was the 6th largest bank in the world. In June 2010 its total assets were $2,418 trillion.
HSBC Holdings plc. was created in 1991 to allow the The Hongkong and Shanghai Banking Corporation to takeover Midland Bank – they had to relocate their headquarters to London to allow them to take control of Midland Bank. The Hongkong and Shanghai Banking Corporation was founded in Hong Kong in 1865 by Sir Thomas Sutherland and is still the largest HK bank today.
HSBC Core Services
- Commercial Banking
- Global Banking and Markets
- Personal Financial Services
- Private Banking
HSBC Banking Takovers and Acquisitions
- 1999 – Republic National Bank of New York for $10.3 billion
- 2000 – Crédit Commercial de France for £6.6 billion
- 2001 – Turkish bank Demirbank
- 2002 – Mexico’s Grupo Financiero Bital, SA de CV for $1.1 billion
- 2003 – Poland’s Polski Kredyt Bank SA for $7.8 million
- 2004 – China’s Bank of Communications of Shanghai
- 2004 – Marks & Spencer Retail Financial Services Holdings Ltd for £763m
- 2005 – Metris Inc – American credit card company
- 2005 – Iraq’s Dar Es Salaam Investment Bank
- 2006 – HSBC bought 90 branches of Banca Nazionale del Lavoro, Argentina
- 2007 – The Chinese Bank in Taiwan
- 2008 – India’s IL&FS Investment
- HSBC Group Head Office
- Address: HSBC Holdings plc
- 8 Canada Square
- London E14 5HQ
- Telephone: +44 (0)20 7991 8888
- Web: www.hsbc.com
- Computershare Investor Services PLC
- PO Box 1064, The Pavilions
- Bridgwater Road
- Bristol BS99 3FA
- United Kingdom
- Telephone: 44 (0) 870 702 0137
- e-mail: firstname.lastname@example.org
- Investor Centre: www.computershare.com/investor/uk
HSBC Dividend Payments
HSBC pay quarterly interim dividends on the ordinary shares. They aim to pay 3 equal interim dividend payments then a final variable dividend payment.
HSBC also offer a scrip dividend alternative so that shareholders can elect to have their cash payment automatically reinvested back into shares.
Timetables and historic dividend payments can be found on the HSBC Investor Relations webpages.