Ten fun facts about HSBC
Fact 1Fact 4
As of December 2013, the company had assets totaling $2.671 trillion. Half in Europe, Middle East and Africa and a quarter each in Asia-Pacific and the Americas.
In 2014, the HSBC began a policy that would refuse customers to withdraw large amounts of cash without a third-party letter stating what the money would be used for.
In 2013, Argentina's taxing authority accused HSBC of money laundering and tax evasion.
It was considered the most profitable bank as of 2007 with a net income of $19.13 billion, compared to Bank of America's $14.98 billion.Fact 5
The Hong Kong and Shanghai Banking Corporation, or the HSBC, was founded by Sir Thomas Sutherland in 1865.Fact 6
The company sponsors golf events including the HSBC World Match Play Championship and the HSBC Women's Champions.Fact 7
In 2012 the HSBC was reported to have offshore accounts set up in Jersey for drug-dealers and criminals.Fact 8
HSBC is the largest bank in Hong Kong and prints most of their local currency in its own name.Fact 9
The world headquarters of HSBC are located in Canary Wharf in London at 8 Canada Square.Fact 10
They have over 7,200 offices in 85 countries across from Africa, Europe, Asia and the Americas and approximately 89 million customers. Go to more business facts ❯
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