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HSBC announced in August 2015 that it would be selling its Brazilian unit to Banco Bradesco for $5.2 billion following years of disappointing performance. [89] In 2015, HSBC was recognised as the most trusted foreign bank in India by The Brand Trust Report 2015. [90]
HSBC has a presence in Algeria since August 2008 when HSBC France opened a registered office and branch in Algiers. In 2009, HSBC France transferred the supervision of the bank to HBME. [6] The bank has two branches located at the cities of Algiers (head office) and Oran. It offers banking products and services for Corporate, as well as Retail ...
HSBC is one of the three commercial banks which are authorised to issue banknotes for Hong Kong - the other two being the Bank of China (Hong Kong) and Standard Chartered Bank (Hong Kong). [6] Of the total notes in circulation measured by value, HSBC is the most prolific issuer, its notes representing 67.7% of those in issue.
Hang Seng Bank Limited (Chinese: 恒生銀行有限公司) is a Hong Kong–based banking and financial services company with headquarters in Central, Hong Kong. It is one of Hong Kong's leading public companies in terms of market capitalisation and is part of the HSBC Group, which holds a majority equity interest in the bank. [2]
LONDON -- The U.K.'s biggest bank, HSBC Holdings , is set to release its annual results on Monday this coming week (4 March). Don't expect to see the announcement on your regulatory newsfeed at 7 ...
HSBC Finance Corporation is a financial services company and a subsidiary of HSBC Holdings. It is the sixth-largest issuer of MasterCard and Visa credit cards in the United States. HSBC Finance Corporation was formed from the legal entity that had been known as Household International—shortly after Household International settled for US$486 ...
HSBC Bank USA, National Association, an American subsidiary of the British banking group HSBC, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia (as designated on its charter). HSBC Bank USA, N.A. is a national bank chartered under the National Bank Act, and thus is regulated by the ...
The same year, U.S. regulators identified “deficiencies” in HSBC’s anti-money-laundering practices, and a Senate report admonished HSBC for letting an Angolan central bank representative attempt $50 million in questionable transfers. HSBC may have even set up offshore accounts for the Angolan rep in the Bahamas.