HSBC Holdings plc.

Thursday, May 26, 2011
By SHP

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

Company Information

  • HSBC Group Head Office
  • Address: HSBC Holdings plc
  • 8 Canada Square
  • London E14 5HQ
  • Telephone: +44 (0)20 7991 8888
  • Web: www.hsbc.com

Company Registrar

  • Computershare Investor Services PLC
  • PO Box 1064, The Pavilions
  • Bridgwater Road
  • Bristol BS99 3FA
  • United Kingdom
  • Telephone: 44 (0) 870 702 0137
  • e-mail: web.queries@computershare.co.uk
  • 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.

Latest Company Updates to “HSBC Holdings plc.”

  1. SHP

    Some HSBC Shareholders voted against the remuneration plans and also against some board members at the annual meeting on Friday.

    #567
  2. SHP

    Credit Suisse Group rated HSBC among its preferred stocks today. HSBC shares traded well today and closed at 630p up by 0.98%

    #563
  3. SHP

    HSBC getting some bad press today for handling Libyan state funds. The Guardian reports that HSBC and RBS “held $680m of Libyan state fund”. Many other Global banks were also involved, including Soc Gen, Goldmans and Nomura.

    In total the banking industry was holding (and investing) around $4 billion of Muammar Gaddafi’s funds.

    #556
  4. SHP

    HSBC first interim dividend for 2011: US$0.09 per share, Record date: 20 May 2011, Pay date: 6 Jul 2011

    #549

Latest Market News