What does HSBC Holdings PLC stand for?

What does HSBC Holdings PLC stand for?

British bank holding company. Give Feedback External Websites. By The Editors of Encyclopaedia Britannica View Edit History. HSBC Holdings PLC, bank holding company based in London that originated as the Hongkong and Shanghai Banking Corporation, Ltd., in 1865, with offices in Hong Kong, Shanghai, and London.

Who is HSBC owned by?

The Hongkong and Shanghai Banking Corporation Limited
It is part of the worldwide HSBC Group and is wholly owned by Hong Kong-based The Hongkong and Shanghai Banking Corporation Limited.

Is HSBC a PLC or Ltd?

Our principal holding company, HSBC Holdings plc, is a public limited company incorporated in England. Headquartered in London, HSBC is listed on the London, Hong Kong, New York and Bermuda stock exchanges. The entities that form the HSBC Group provide a comprehensive range of financial services.

How much money does HSBC make?

HSBC posted a profit of 6.1 billion U.S. dollars in 2020, down from 8.7 billion U.S. dollars in 2019. In the same time period, operating income of the bank decreased from 71 billion U.S. dollars to 63 billion U.S. dollars.

What is the difference between HSBC and HSBC Holdings?

HSBC is one of the world’s largest banking and financial services organisations. HSBC Holdings PLC is the parent company of this organisation.

Is my money safe in the HSBC bank?

Protecting your money Your eligible deposits with HSBC UK Bank plc are protected up to the FSCS compensation limit by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Most deposits are covered by the scheme.

Is Capital One owned by HSBC?

HSBC has agreed the sale of its US credit card division to Capital One Financial as Europe’s largest bank continues its restructuring. Under the deal HSBC will receive cash and Capital One shares. The US credit card business unit was part of a company called Household, which HSBC bought in 2003.

Why is HSBC a British bank?

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….HSBC.

HSBC headquarters at Canary Wharf, London
Type Public limited company

Will HSBC refund stolen money?

We’ll look to refund any money stolen by fraudsters who gain access to your account, as long as you keep your security details safe. Please tell us if you notice anything unusual on your account. We’ll help you to stay up-to-date with our latest security advice.

What is the safest bank in the UK?

However, the two strongest are Santander (AA) and HSBC (AA-). Hence, according to S&P, your money is a little safer in these two global banks than in their four UK-based rivals….1. Credit ratings.

Bank S&P’s long-term rating
Nationwide BS A+ (Strong)
Royal Bank of Scotland A+ (Strong)

Is my money safe with HSBC?