Guadalajara Map Tourist Attractions on MICHAEL MCGREGOR FANNIE MAE HSBC Holding LONDON-BASED HSBC HOLDING is ranked among the 10 largest banks in the world. Branded as the world’s local bank, HSBC is the parent company of a global network of financial services institutions serving 32 million customers in 81 countries. In 2002, the bank reported assets of $746 billion. Founded in 1865 as the Hongkong and Shanghai Banking Company, Ltd. by Thomas Sutherland, a shipping- line manager with no banking experience, and financed by HONG KONG’s business leaders, HSBC was the then-British colony’s first locally owned bank. It grew steadily through regional branch expansion until the 1950s, when it began to form subsidiaries and make acquisitions in the UNITED STATES, INDIA, and the Middle East. The expansion accelerated as Hong Kong’s future became evermore uncertain and in 1993, four years before the colony was returned to China, the bank was renamed HSBC Holdings and relocated to London. Guadalajara Map Tourist Attractions 2016.
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