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HSBC Holdings plc is a British multinational banking and financial services company
headquartered in London, United Kingdom. It is the world's third largest bank by
assets. It was established in its present form in London in 1991 by the Hongkong
and Shanghai Banking Corporation Limited to act as a new group holding company.
[5][6] The origins of the bank mainly lies in Hong Kong, and also to a lesser extent
Shanghai, where branches were first opened in 1865.[1] The HSBC name is derived
from the initials of the Hongkong and Shanghai Banking Corporation.[7] The
company was first formally incorporated in 1866. The company continues to see
both the United Kingdom and Hong Kong as its "home markets".[8]
HSBC has around 6,600 offices in 80 countries and territories across Africa, Asia,
Europe, North America and South America, and around 60 million customers.[9] As
of 2012, it was the world's largest bank in terms of assets and sixth-largest public
company, according to a composite measure by Forbes magazine.[10]
HSBC is organised within four business groups: Commercial Banking; Global
Banking and Markets (investment banking); Retail Banking and Wealth
Management; and Global Private Banking.[11]
HSBC FINACIALS
Period
Ending:
Total
Revenue(in B)
83.62
87.39
92.54
102.95
Net Income(in
B)
13.69
16.20
14.03
16.80
For the three months ended 31 March 2015, HSBC Holdings plc interest
income decreased 5% to $8.27B. Net interest income after loan loss provision
decreased 3% to $7.7B. Net income increased 1% to $5.26B. Net interest
income after loan loss provision reflects decrease in interest earning assets
and increase in interest bearing liabilities
Period Ending:
Cash From
Operating Activities
-21372
44977
-9156
79762
Cash From
Investing Activities
-4961
-6585
5653
-9931
Cash From
Financing Activities
-1868
-6981
-8232
-10086
-44980
30973
-10141
51373
http://www.investing.com/equities/hsbc-holdings-financial-summary
Restructuring of HSBC
Problems:
world's third largest bank by assets
Need for digitization & self use
Restructuring HSBC
Since 2011, we have materially transformed our business in line with our strategy.
Important actions to be completed by 2017:
Reduce risk-weighted assets across the Group by 25 per cent i.e. by $290 billion by
2017 and reinvest the capital in higher-performing businesses.
Leverage our international network and strategic opportunity in the area covered
by the North American Free Trade Agreement (NAFTA) to rebuild profitability in
Mexico and deliver satisfactory returns in the US.
Set up a UK ring-fenced bank which will account for about two thirds of UK
revenues, or $11 billion, and will have some 26,000 staff, or 57 per cent of the total
in the United Kingdom.
Make USD4.5-5.0 billion in cost savings
Capture growth opportunities in Asia including in Chinas Pearl River Delta, in the
Association of Southeast Asian Nations (ASEAN), and in our Asset Management and
Insurance businesses
Grow business from our global leadership position in the internationalization of the
Chinese currency, the RMB.
Complete a review of the location of the HSBC Group headquarters by the end of
2015.
Restructuring
sustainability
(Allay tensions)
Compensation:
3 months notice pay + all other statutory
compensations like epf, gratuity, etc.
Be a part of growth: