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Is HSBC Bank Chinese or British?

This article is about the HSBC Group. For individual entities of the group, see HSBC Bank,

HSBC Holdings plc

Headquarters at 8 Canada Square in Canary Wharf, London
Type	Public limited company
Traded as	LSE : HSBA SEHK : 5 NYSE : HSBC BSX : HSBC.BH FTSE 100 component (HSBA) Hang Seng component (5)
Industry	Financial services
Founded	First established on 3 March 1865 ; 158 years ago in British Hong Kong (as The Hongkong and Shanghai Bank ) First incorporated on 14 August 1866 ; 157 years ago (as The Hongkong and Shanghai Banking Corporation ) 25 March 1991 ; 32 years ago in London (as HSBC Holdings plc, as parent holding company to the entity in Hong Kong now as a subsidiary)
Founder	Sir Thomas Sutherland (for The Hongkong and Shanghai Banking Corporation branch)
Headquarters	8 Canada Square London, England, UK
Area served	Worldwide
Key people	Mark Tucker ( Group Chairman ) Noel Quinn ( Group Chief Executive )
Products	Asset management Banking Commodities Credit cards Equities trading Insurance Investment banking Investment management Mortgage loans Mutual funds Private equity Securities services Risk management Wealth management
Revenue	US$ 51.727 billion (2022)
Operating income	US$17.528 billion (2022)
Net income	US$16.670 billion (2022)
AUM	US$595 billion (2022)
Total assets	US$2.966 trillion (2022)
Total equity	US$196.028 billion (2022)
Number of employees	219,199 (2022)
Subsidiaries	Subsidiaries
Website	hsbc,com

HSBC Holdings plc (former name: The Hongkong and Shanghai Banking Corporation ) is a British universal bank and financial services group headquartered in London, England, with unique historical and business links to East Asia and a highly multinational footprint.

It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA). HSBC traces its origin to a hong trading house in British Hong Kong,

The bank opened branches in Shanghai in 1865 and was first formally incorporated in 1866. In 1991, the present parent legal entity, HSBC Holdings plc, was established in London and the historic Hong-Kong-based bank from whose initials the group took its name became that entity’s fully-owned subsidiary.

The next year (1992), HSBC took over Midland Bank and thus became one of the largest domestic banks in the United Kingdom. HSBC has offices, branches and subsidiaries in 62 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 39 million customers.

As of 2023, it was ranked no.20 in the world in the Forbes rankings of large companies ranked by sales, profits, assets, and market value. HSBC has a dual primary listing on the Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index,

Who is HSBC Bank owned by?

HSBC Holdings, which owns all of HSBC’s operations worldwide, is operated by a board of directors who are accountable to the bank’s shareholders. At the helm are CEO Noel Quinn and chair Mark Tucker. The board would have had to have rubberstamped the acquisition of Silicon Valley Bank UK.

What does HSBC stand for in English?

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. It was established at a time of growing trade between China, India, and Europe.

Before the close of the 19th century, the Hongkong and Shanghai Banking Corporation had become a leading banker for governments, including those of Hong Kong and China, in addition to many British government interests. Through its emphasis on financing international trade, the bank had opened early branches in Japan in 1866, India in 1867, the Philippines in 1875, and Singapore in 1877.

The bank weathered two world wars and episodes of civil unrest. Although many Asian offices were closed and a significant number of staff members imprisoned by the Japanese during World War II, the bank’s Hong Kong headquarters reopened in 1946 and became involved in postwar reconstruction.

Within a few years, however, branches in mainland China were forced to close, owing to civil war and political and economic change. To counter these limitations, the bank began expanding its operations beyond China; it established the Hongkong and Shanghai Banking Corporation of California as a subsidiary in 1955, having already conducted business in San Francisco since 1865 and New York City since 1880.

Operations in the Middle East were established through the purchase of the British Bank of the Middle East in 1959. In regions where it was already conducting business, the bank diversified its services and investments by acquiring interest in banks such as Hang Seng of Hong Kong in 1965, which soon became an important mortgage lender.

• Given its status as a diversified global banking corporation, Hongkong and Shanghai Banking Corporation reorganized as a holding company, HSBC Holdings PLC, in 1991.
• Its 1992 acquisition of Midland Bank, which at the time was the United Kingdom’s largest commercial bank, made HSBC one of the largest bank and financial companies in the world.

Numerous acquisitions followed, including Household Financial, a U.S. finance company that specialized in loans and mortgages to lower- and middle-market clients, purchased in 2003.

What did HSBC used to be called?

Branding – The Midland Bank was famous for its golden griffin logo, surrounded by golden coins originally introduced in 1965 on a black, then later blue background, and for its slogan “the listening bank,” written by the advertising executive Rod Allen,

Advertisements for the bank appeared in the popular computer game Theme Park, An animated friendly version of the Griffin fronted the bank’s television advertising during the 1980s. The Midland Bank still traded as Midland Bank, but using the HSBC logo from 1997, and was finally rebranded as HSBC Bank in June 1999, as part of the adoption of the HSBC brand throughout the group.

However, a dormant subsidiary, Midland Bank (Branch Nominees) Limited, continues to be registered at Companies House,

Coat of arms and initials of Midland Bank in the 1930s, above its side entrance on Princes Street, London First “griffin” logo, used from 1957-1988 Second “griffin” logo used from 1988-1997 Final logo used from 1997-1999 (HSBC logo with “Midland Bank” name)

Is HSBC still owned by China?

It is owned by the Hongkong and Shanghai Banking Corporation Limited, the founding member of the HSBC Group, which was established in Hong Kong and Shanghai in 1865. HSBC China incorporated the previous Mainland offices of its parent.

Are HSBC a good bank?

Who Is HSBC Bank Best for? – HSBC Bank is well suited to customers with robust savings accounts and those who may have international banking needs. In particular, you’ll find HSBC works great for you if you:

• Wish to bank with a large multinational institution with a long history
• Reside in CA, FL, MD, NJ, NY, PA, VA, WA, or the District of Columbia
• Travel internationally on a regular basis
• Want to open a savings account with no minimum balance requirement or monthly maintenance fee
• Can receive regular direct deposits
• Want a generous welcome bonus and have the necessary means to qualify for it
• Want to receive generous referral bonuses

Which is the most powerful bank in the world?

By total assets – The list is based on the April 2023 S&P Global Market Intelligence report of the 100 largest banks in the world. The ranking was based upon assets as reported and was not adjusted for different accounting treatments. Another publication which has the goal to compile a yearly list of the world largest banks is The Banker Magazine.

1. Every year in their July number a list of the World 1000 Largest Banks is published.
2. The financial data published by the July yearly issue of The Banker are much more extensive compared to the S&P Top 100 banks, but it’s not a publication intended for the general public.
3. Accounting treatment affects the assets reported: for example, the United States uses US GAAP (as opposed to IFRS ), which only reports the net derivative position in most cases, leading to US banks having fewer derivative assets than comparable non-US banks.

If JPMorgan Chase reported under the IFRS, it would be ranked 2nd on the list as of 2023, rather than 5th.

Rank	Bank name	Total assets (2022) ( US$ billion)
1	Industrial and Commercial Bank of China Limited	5,742.86
2	China Construction Bank	5,016.81
3	Agricultural Bank of China	4,919.03
4	Bank of China	4,192.12
5	JPMorgan Chase	3,868.24
6	Bank of America	3,051.38
7	Mitsubishi UFJ Financial Group	2,967.91
8	HSBC	2,864.59
9	BNP Paribas	2,849.61
10	Crédit Agricole	2,542.61
11	Citigroup Inc.	2,416.68
12	Postal Savings Bank of China	2,039.56
13	SMBC Group	2,006.75
14	Mizuho Financial Group	1,909.35
15	Bank of Communications	1,883.72
16	Wells Fargo	1,881.02
17	Banco Santander	1,853.86
18	Barclays	1,823.84
19	Japan Post Bank	1,719.92
20	UBS	1,679.36
21	Groupe BPCE	1,636.35
22	Société Générale	1,588.99
23	Royal Bank of Canada	1,544.17
24	Toronto-Dominion Bank	1,524.83
25	China Merchants Bank	1,470.00
26	Goldman Sachs	1,441.80
27	Deutsche Bank	1,428.65
28	Industrial Bank (China)	1,343.54
29	China CITIC Bank	1,239.28
30	Shanghai Pudong Development Bank	1,184.28
31	Morgan Stanley	1,180.23
32	Crédit Mutuel	1,180.22
33	Lloyds Banking Group	1,057.69
34	China Minsheng Bank	1,051.97
35	Intesa Sanpaolo	1,042.73
36	ING Group	1,034.32
37	Scotiabank	1,029.80
38	UniCredit	916.72
39	China Everbright Bank	913.49
40	NatWest Group	867.59
41	Bank of Montreal	859.05
42	Commonwealth Bank	837.21
43	Standard Chartered	819.92
44	La Banque postale	796.88
45	Ping An Bank	771.55
46	Banco Bilbao Vizcaya Argentaria	762.15
47	Norinchukin Bank	753.26
48	State Bank of India	694.94
49	Canadian Imperial Bank of Commerce	691.31
50	National Australia Bank	679.76
51	U.S.Bancorp	674.81
52	Rabobank	671.70
53	DZ Bank	670.13
54	Australia and New Zealand Banking Group	669.66
55	Westpac	653.39
56	Nordea	635.72
57	CaixaBank	604.03
58	Sberbank of Russia	566.07
59	KB Financial Group Inc	557.54
60	PNC Financial Services	557.26
61	Resona Holdings	557.10
62	Truist Financial Corp	555.26
63	DBS Bank	554.40
64	Danske Bank	540.66
65	Huaxia Bank	540.04
66	Shinhan Bank	537.44
67	China Guangfa Bank	528.91
68	Sumitomo Mitsui Trust Holdings	516.83
69	Commerzbank	510.25
70	Capital One	455.25
71	Hana Financial Group	452.34
72	Bank of Beijing	447.54
73	Itaú Unibanco	439.50
74	OCBC Bank	417.61
75	Nonghyup Bank	417.37
76	Bank of Jiangsu	410.83
77	The Bank of New York Mellon	405.78
78	ABN AMRO	405.67
79	Bank of Shanghai	405.13
80	Woori Bank	382.05
81	KBC Bank	380.33
82	China Zheshang Bank	380.14
83	Banco do Brasil	379.78
84	United Overseas Bank	376.07
85	Nomura Holdings	373.41
86	Landesbank Baden-Württemberg	346.45
87	Erste Group	346.12
88	Industrial Bank of Korea	343.49
89	Bank of Ningbo	343.05
90	Banco Bradesco	340.41
91	SEB Group	338.91
92	VTB Bank	335.11
93	Handelsbanken	331.32
94	DNB ASA	328.50
95	Qatar National Bank	323.56
96	National Bank of Canada	312.67
97	Macquarie Group	313.47
98	Nationwide Building Society	311.93
99	Raiffeisen Gruppe	303.50
100	First Abu Dhabi Bank	302.22

Who is the biggest shareholder of HSBC?

HSBC shareholders reject break-up calls – HSBC Holdings plc A special resolution calling for the bank to restructure was defeated at today’s Annual General Meeting. The Board had recommended that shareholders vote against two special resolutions put forward by a group of shareholders represented by Lui Yu Kin, which called for us to spin off our Asian businesses and fix yearly dividend payouts.

Mark Tucker, HSBC Group Chairman, said: “I’m delighted that the large majority of HSBC’s shareholders have voted overwhelmingly to support the bank’s strategy and draw a line under the debate on the structure of the bank. “The Board, HSBC colleagues and our shareholders can now move forward with the shared objective of focusing on our customers, driving stronger performance, and creating more value for our investors.” A third shareholder-requisitioned special resolution related to the UK pension scheme was similar to resolutions that have been tabled in previous years and was also defeated. Fifteen other resolutions that were backed by the Board were passed. For full details of each resolution and the votes cast, consult the,

: HSBC shareholders reject break-up calls – HSBC Holdings plc

Which country made HSBC bank?

HSBC in India Hong Kong harbour, Chinese artist, early 1860s Staff in Fuzhou, China, 1887 Portrait of Thomas Jackson, around 1890 Chinese railway bond certificate, 1907 Staff in military uniform, First World War Prison camp diary of HSBC staff member Max Haymes, 1943 Hong Kong garment factory, around 1950 Persian banknote, early 20th century UK cash machine, around 1970 HSBC office, New York, 1999 HSBC lion, London, present day The Hongkong and Shanghai Banking Corporation Limited opened in Hong Kong on 3 March 1865 and in Shanghai one month later. It was the first locally owned bank to operate according to Scottish banking principles.

• By 1875 HSBC was present in seven countries across Asia, Europe and North America.
• It financed the export of tea and silk from China, cotton and jute from India, sugar from the Philippines and rice and silk from Vietnam.
• By 1900, after strong growth under Chief Manager Thomas Jackson, the bank had expanded into 16 countries and was financing trade across the world.

Bullion, exchange and merchant banking were important features of the bank’s business. In the early 20th century, HSBC widened the scope of its activities in Asia. It issued loans to national governments to finance modernisation and infrastructure projects such as railway building.

The First World War brought disruption and dislocation to many businesses. By the 1920s, however, Asia was beginning to prosper again as new industries developed and trade in commodities such as rubber and tin soared. The 1930s brought recession and turmoil to many markets. Nonetheless, HSBC asked architects Palmer and Turner to design a new head office in Hong Kong: “Please build us the best bank in the world.” The cutting-edge art deco building opened in 1935.

The bank faced one of its most challenging times during the Second World War. Staff in Asia showed huge courage in the face of adversity. Many became prisoners of war. Only the London, Indian and US branches remained in full operation. At the end of the war, HSBC took on a key role in the reconstruction of the Hong Kong economy.

Its support helped established manufacturers as well as newcomers to Hong Kong grow their business. By the 1970s the bank had expanded through acquisition. HSBC bought Mercantile Bank and The British Bank of the Middle East in 1959. In 1972 it formed a merchant banking arm, extending its range of services.

In the 1980s HSBC bought Marine Midland Bank in the US. In 1992, the newly created HSBC Holdings plc made a recommended offer for full ownership of the UK’s Midland Bank. Following the acquisition, HSBC moved its headquarters to London. In 1998, the bank announced it would adopt a unified brand, using HSBC and the hexagon symbol everywhere it operated.

Why is HSBC famous?

We have been supporting our customers for more than 150 years. Today, we serve around 39 million personal, wealth and corporate customers worldwide in 62 countries and territories. The experiences of the past century and a half have formed the character of HSBC.

How does HSBC make money?

HSBC’s Business Model Commercial Banking: This segment generates revenues by providing commercial banking services to customers through its four operating units: Credit and Lending, Global Trade and Receivables Finance, Payments and Cash System, and Insurance and Investments.

Can I use my HSBC account in another country?

Work out the best way to transfer – The best way for you to move your money may depend on how much and how often you’ll need to transfer. An international account will give you access to money in different currencies whenever you need. With HSBC, you can make 24/7. You can send money online or on the app, so you can use the service wherever you are. You can either:

make ad hoc payments as and when needed transfer a set amount at a set time and at regular intervals

There’s a charge of £5 for sending:

any other currency in or outside the UK

If sending euro to euro in the EEA there’s no charge. This applies to transfers made online, in a branch or over the phone. You may also be able to link your global accounts with some international banks. For example, with, you can send money without a fee and also see your international accounts in one place.

HSBC also has a which allows you to hold and convert money in multiple currencies. You can then manage, spend and send foreign currencies globally, at competitive exchange rates and with no HSBC fees. Other non-HSBC fees may apply. You’ll need the HSBC UK Mobile Banking app to open a Global Money Account.

You must also have an eligible sole or joint HSBC UK current account in your own name. Some accounts may be excluded, such as HSBC Amanah. Explore: Before you leave, are there changes you want to make to your finances? Perhaps there’s a credit card or bank account you don’t need.

Who are HSBC’s biggest competitors?

HSBC vs. WFC, MS, RY, HDB, AXP, PLD, TD, GS, SCHW, and MUFG – Should you be buying HSBC stock or one of its competitors? The main competitors of HSBC include Wells Fargo & Company (WFC), Morgan Stanley (MS), Royal Bank of Canada (RY), HDFC Bank (HDB), American Express (AXP), Prologis (PLD), Toronto-Dominion Bank (TD), The Goldman Sachs Group (GS), Charles Schwab (SCHW), and Mitsubishi UFJ Financial Group (MUFG).

These companies are all part of the “finance” sector. Wells Fargo & Company ( NYSE:WFC ) and HSBC ( NYSE:HSBC ) are both large-cap finance companies, but which is the better business? We will contrast the two businesses based on the strength of their media sentiment, dividends, analyst recommendations, community ranking, risk, valuation, profitability, institutional ownership and earnings.

HSBC has lower revenue, but higher earnings than Wells Fargo & Company. HSBC is trading at a lower price-to-earnings ratio than Wells Fargo & Company, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Wells Fargo & Company	$80.28B	1.94	$13.18B	$4.00	10.62
HSBC	$74.18B	2.09	$16.04B	$5.93	6.52

Wells Fargo & Company has a beta of 1.14, meaning that its share price is 14% more volatile than the S&P 500. Comparatively, HSBC has a beta of 0.62, meaning that its share price is 38% less volatile than the S&P 500. In the previous week, Wells Fargo & Company had 11 more articles in the media than HSBC.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Wells Fargo & Company	13 Very Positive mention(s)	3 Positive mention(s)	4 Neutral mention(s)	3 Negative mention(s)	4 Very Negative mention(s)	Positive
HSBC	6 Very Positive mention(s)	0 Positive mention(s)	7 Neutral mention(s)	2 Negative mention(s)	0 Very Negative mention(s)	Positive

Wells Fargo & Company currently has a consensus target price of $48.39, suggesting a potential upside of 13.78%. HSBC has a consensus target price of $291.50, suggesting a potential upside of 653.42%. Given Wells Fargo & Company’s stronger consensus rating and higher possible upside, analysts plainly believe HSBC is more favorable than Wells Fargo & Company.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Wells Fargo & Company	0 Sell rating(s)	8 Hold rating(s)	7 Buy rating(s)	1 Strong Buy rating(s)	2.56
HSBC	0 Sell rating(s)	3 Hold rating(s)	7 Buy rating(s)	0 Strong Buy rating(s)	2.70

HSBC has a net margin of 26.43% compared to HSBC’s net margin of 16.18%. Wells Fargo & Company’s return on equity of 12.19% beat HSBC’s return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Wells Fargo & Company	16.18%	11.15%	0.96%
HSBC	26.43%	12.19%	0.78%

Wells Fargo & Company received 630 more outperform votes than HSBC when rated by MarketBeat users. Likewise, 63.94% of users gave Wells Fargo & Company an outperform vote while only 60.30% of users gave HSBC an outperform vote.

Company	Underperform	Outperform
Wells Fargo & Company	Outperform Votes 1447 63.94%	Underperform Votes 816 36.06%
HSBC	Outperform Votes 817 60.30%	Underperform Votes 538 39.70%

72.5% of Wells Fargo & Company shares are owned by institutional investors. Comparatively, 1.5% of HSBC shares are owned by institutional investors.0.1% of Wells Fargo & Company shares are owned by insiders. Comparatively, 0.0% of HSBC shares are owned by insiders.

Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth. Wells Fargo & Company pays an annual dividend of $1.40 per share and has a dividend yield of 3.3%. HSBC pays an annual dividend of $1.98 per share and has a dividend yield of 5.1%.

Wells Fargo & Company pays out 35.0% of its earnings in the form of a dividend. HSBC pays out 33.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

How many countries have HSBC bank?

HSBC is one of the world’s largest banking and financial services organisations. Our global businesses serve around 39 million customers worldwide through a network that covers 62 countries and territories.

Is HSBC a big bank?

About HSBC HSBC is one of the world’s largest banking and financial services organisations. We serve approximately 39 million customers through our global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking & Markets. Our network covers 62 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

Our purpose – Opening up a world of opportunity – explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

Listed on the London, Hong Kong, New York and Bermuda stock exchanges, shares in HSBC Holdings plc are held by around 180,000 shareholders in 126 countries and territories. Read more about HSBC on our : About HSBC

Has HSBC left Russia?

HSBC Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights LONDON, Sept 8 (Reuters) – HSBC (HSBA.L) will halt commercial payments by business customers to and from Russia and Belarus, the bank said on Friday, as lenders tighten restrictions beyond sanctions imposed after Russia’s invasion of Ukraine.

• Europe’s biggest bank – whose global business spans China and the United States – said the volume of sanctions and trade restrictions globally imposed on Russia and its close backer Belarus had made it “increasingly challenging” to operate.
• We have therefore reached the decision to restrict commercial payments by our corporate entity customers to or from Russia and Belarus through HSBC,” a HSBC spokesperson said.

Business customers have been informed the bank no longer intends to process the payments, the spokesperson added, rolling out globally from this month. Japan’s financial news service Nikkei first reported the move earlier on Friday. The report said customers in Hong Kong had been told the restrictions would apply there from Oct.27.

• HSBC has announced an exit from Russia, but the planned sale of its unit to local lender Expobank has hit delays and is pending final regulatory approval,
• The West blocked several Russian banks ‘ access to the international SWIFT payments system soon after Moscow invaded Ukraine in February last year, with Sberbank and VTB forced to shutter operations across much of Europe.

Western governments also froze around $300 billion of the Russian central bank’s reserves. Not all ties with Russia have been cut and trade, albeit reduced, continues. Some European banks, including UniCredit (CRDI.MI) and Raiffeisen Bank International (RBIV.VI), have large businesses there.

Is HSBC a safe bank?

IS HSBC Bank FDIC insured? Yes, HSBC Bank is FDIC insured (FDIC# 57890).

Did HSBC leave Russia?

HSBC has agreed to sell its Russian unit to local lender Expobank, the latest international bank to exit the country following its invasion of Ukraine. The London-based firm said in a statement that it had reached a deal without disclosing the transaction amount. Bloomberg reported this month that talks on a sale of the business to Expobank were at an advanced stage.

What are the weaknesses of HSBC?

Threats to HSBC –

Introduction of New Technologies: New technologies developed by competitors could be a great threat to the industry in the medium to long term future. Growth of Local Distributors: The growth of local distributors creates threats in the market as the competition is paying higher margins to local distributors. Less Credit Availability: Losses borne by HSBC and investors on a global scale has resulted in less credit being available to customers. Changes in Laws and Regulations: Regulatory changes in the countries where HSBC operates can threaten the company’s profitability. Other Issues: Growing credit issues, financial losses and unethical behaviour among the banks and financial institutions may lead to a shrink in the pool of prospects and customers.

This ends our in-depth SWOT analysis of HSBC. Let us conclude our learning below.

What are the negatives of HSBC?

Suited for wealthy customers – HSBC’s accounts have high monthly fees that can only be waived if customers maintain a significant balance. Even though you can waive these fees with a fixed deposit or take a $500,00 mortgage, the financial obligation can be straining.

Why is HSBC better than other banks?

TSB vs HSBC for business banking As a business owner, choosing a bank is a critical decision. A bank’s services can significantly impact your business operations, growth potential, and financial management. With the UK home to numerous reputable banks, it can be challenging to navigate your options. Video: Choosing a business bank account

Features	TSB	HSBC
Business Current Account	Available with tailored options for different business sizes	Offered with a wide range of customisable features
Business Savings Account	Available with competitive interest rates	Available with tiered interest rates for higher balances
Business Credit Card	Offers cashback on purchases	Offers rewards points on purchases
Overdraft Facility	Provided with a predefined limit	Offered with customisable limits based on credit history
Business Loans	Range of options with competitive interest rates	Extensive loan options including trade and equipment financing
Online Banking	User-friendly platform with robust features	Comprehensive platform with advanced features
Mobile Banking	Full-service mobile app available	Full-service mobile app with additional features
Invoice Financing	Offered with flexible repayment terms	Offered with customizable terms
Business Insurance	Range of options tailored to business needs	Extensive coverage options
International Payments	Available with competitive exchange rates	Available with wide global reach
24/7 Customer Support	Customer support during business hours	Round-the-clock customer support
Branch Accessibility	High accessibility in the UK	High accessibility worldwide
Dedicated Business Manager	Available for businesses with higher transaction volume	Available for all business accounts
Deposit Machine Availability	Available at most branches	Wide availability at branches and partner locations
Cashback Offers	Available on	Available on select accounts and services
Currency Exchange Services	Available with competitive rates	Comprehensive services with competitive rates
Trade Financing	Not offered	Wide range of trade financing options
Asset Finance	Available with competitive rates	Extensive options with flexible terms
Business Training and Advisory Services	Not offered	Available with industry-specific advice
Market Insight Reports	Not offered	Regularly published for all business customers
Green Financing Options	Available for sustainable business practices	Broad range of options for green initiatives

TSB vs HSBC

	Virgin Money ✓ Business M Account✓ In-Store, Online & App Banking✓ Insights & Forecasting Platform
	Mettle Business Banking ✓ Business Bank Account✓ Online & App✓ Quick & Easy Application Process
	Tide Business Bank Accounts ✓ Free, Plus, or Pro Account✓ iOS & Android Mobile App✓ Upload & Auto-Match Receipts
	NatWest Business Banking ✓ Business Current Account✓ Online, App & High Street Banking✓ Quick & Easy Application Process
	HSBC Business Banking ✓ Business Current Account✓ In-Branch, Online & App Banking✓ FSCS Protected

is a popular banking choice for UK businesses, known for its customer-friendly approach and comprehensive business services. It has a substantial branch network and offers a range of products tailored to meet different business needs.

• TSB has an extensive range of financial products, covering most business needs.
• They provide a high level of customer service, with dedicated business managers for business accounts.
• TSB offers a robust online and mobile banking platform, which is intuitive and easy to use.
• They offer attractive cashback offers to businesses on their purchases.
• TSB’s green financing options allow businesses to invest in sustainable practices.

1. TSB does not offer 24/7 customer support.
2. Their deposit machine availability is lower compared to other banks.
3. TSB does not provide trade financing, which could be a limiting factor for businesses involved in international trade.
4. Lack of business training and advisory services and market insight reports.

Service	Details
Current Accounts	£5 per month, waived if balance stays above £10,000.25 months’ free banking for switchers if they stay within the terms of their account.
Savings Account	Easy Access Savings Account with interest rates of 0.30% Gross/AER (variable) on balances of £5,000 plus. If balance falls below £4,999, interest rates drop to 0.05% Gross/AER.
Overdrafts	Charged at 10.65% EAR for overdrafts above £7,000. Arrangement fee of £100-250, depending on the terms, amount, and length.
Business Finance and Loans	Borrow between £1,000 and £100,000, repay over 1-25 years or up to £25,000 as an unsecured loan. Interest rates are 9.94% APR (fixed). Arrangement fee of £100-250, depending on the terms, amount, and length of the loan.

TSB fees and charges TSB’s fees and charges are dependent on the specific account type and service and can be found on their website or by contacting TSB directly. The CRM platform to grow your business

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• TSB’s approach to business banking is centered around the customer.
• Their range of business accounts allows businesses to choose an account that closely matches their needs.
• The bank’s mobile and online banking platforms stand out for their user-friendly design, helping businesses manage their finances efficiently.
• Additionally, their green financing options make them an excellent choice for businesses looking to invest in sustainable initiatives.

is a global banking giant with a solid reputation for its comprehensive suite of business banking services. With its extensive network and innovative banking solutions, it has become a preferred choice for businesses of all sizes.

• HSBC offers a full suite of business services, including unique ones such as trade financing and market insight reports.
• They provide 24/7 customer support, ensuring businesses can get help when needed.
• Their international presence and services make HSBC an excellent choice for businesses with global operations.
• HSBC’s business training and advisory services are beneficial for businesses seeking growth and expansion.
• The bank’s deposit machine availability is high, making cash handling easier for businesses.

• HSBC’s business banking services can be more complex due to their extensive product range.
• Some customers report slower customer service responses compared to other banks.
• Some of their services, like trade financing, may not be necessary for smaller businesses, making them a costlier option.

Service	Details
Current Accounts	£6.50 per month. Extra charges for transfers and withdrawals. Account reviewed every 12 months.
Kinetic Account	No monthly account fee for the first 12 months. Designed for sole traders or single director shareholder business.
Overdrafts	Arranged for 1-12 months and reviewed every year. Interest calculated daily and only charged on the amount used. Arrangement fee will be agreed when the overdraft is approved.
Business Finance and Loans	Borrow £1,000-25,000 with fixed interest rates. Can also borrow £25k + over 12 months to 20 years, with either fixed or flexible interest rates. Other finance products available, including commercial mortgages, asset finance, an international business overdraft, and the Business Growth Fund.

HSBC fees and charges

1. HSBC’s fees and charges are dependent on the specific account type and service and can be found on their website or by contacting HSBC directly.
2. HSBC is known for its global reach and extensive services.
3. Its trade financing and business advisory services set it apart from many other banks.
4. Furthermore, HSBC’s focus on providing market insights and reports can be incredibly valuable for businesses looking to stay ahead in their industry.
5. Choosing between TSB and HSBC for business banking is a decision dependent on your business’s unique needs.
6. Both banks offer comprehensive services but have distinct strengths.
7. TSB is known for its customer-centric approach, user-friendly platforms, and green financing options.
8. On the other hand, HSBC stands out with its 24/7 customer support, global reach, and unique services like trade financing and business advisory services.

1. Which bank is better for small businesses, TSB or HSBC? Both banks offer solid options for small businesses. Your choice should depend on your specific needs, like whether you require international services or prefer a more localised, customer-centric approach.
2. Do TSB and HSBC offer accounts for start-ups? Yes, both banks offer tailored accounts for start-ups with specific benefits, including initial fee-free periods. Check their websites for more details.
3. Do these banks offer digital banking solutions? Yes, both TSB and HSBC have robust online and mobile banking platforms for businesses to manage their accounts remotely and efficiently.
4. Are there green financing options available? Yes, both TSB and HSBC offer green financing options, encouraging businesses to invest in sustainable practices.
5. What customer support options do TSB and HSBC offer? Both banks provide phone and online customer support, with HSBC offering a 24/7 service, unlike TSB.
6. What training or advisory services are available? HSBC offers business training and advisory services, including seminars and market insight reports. TSB currently does not provide such services.

: TSB vs HSBC for business banking

What country is HSBC from?

We have been supporting our customers for more than 150 years. Today, we serve around 39 million personal, wealth and corporate customers worldwide in 62 countries and territories. The experiences of the past century and a half have formed the character of HSBC.

Which country made HSBC bank?

HSBC in India Hong Kong harbour, Chinese artist, early 1860s Staff in Fuzhou, China, 1887 Portrait of Thomas Jackson, around 1890 Chinese railway bond certificate, 1907 Staff in military uniform, First World War Prison camp diary of HSBC staff member Max Haymes, 1943 Hong Kong garment factory, around 1950 Persian banknote, early 20th century UK cash machine, around 1970 HSBC office, New York, 1999 HSBC lion, London, present day The Hongkong and Shanghai Banking Corporation Limited opened in Hong Kong on 3 March 1865 and in Shanghai one month later. It was the first locally owned bank to operate according to Scottish banking principles.

1. By 1875 HSBC was present in seven countries across Asia, Europe and North America.
2. It financed the export of tea and silk from China, cotton and jute from India, sugar from the Philippines and rice and silk from Vietnam.
3. By 1900, after strong growth under Chief Manager Thomas Jackson, the bank had expanded into 16 countries and was financing trade across the world.

Bullion, exchange and merchant banking were important features of the bank’s business. In the early 20th century, HSBC widened the scope of its activities in Asia. It issued loans to national governments to finance modernisation and infrastructure projects such as railway building.

The First World War brought disruption and dislocation to many businesses. By the 1920s, however, Asia was beginning to prosper again as new industries developed and trade in commodities such as rubber and tin soared. The 1930s brought recession and turmoil to many markets. Nonetheless, HSBC asked architects Palmer and Turner to design a new head office in Hong Kong: “Please build us the best bank in the world.” The cutting-edge art deco building opened in 1935.

The bank faced one of its most challenging times during the Second World War. Staff in Asia showed huge courage in the face of adversity. Many became prisoners of war. Only the London, Indian and US branches remained in full operation. At the end of the war, HSBC took on a key role in the reconstruction of the Hong Kong economy.

Its support helped established manufacturers as well as newcomers to Hong Kong grow their business. By the 1970s the bank had expanded through acquisition. HSBC bought Mercantile Bank and The British Bank of the Middle East in 1959. In 1972 it formed a merchant banking arm, extending its range of services.

In the 1980s HSBC bought Marine Midland Bank in the US. In 1992, the newly created HSBC Holdings plc made a recommended offer for full ownership of the UK’s Midland Bank. Following the acquisition, HSBC moved its headquarters to London. In 1998, the bank announced it would adopt a unified brand, using HSBC and the hexagon symbol everywhere it operated.

Is HSBC exposed to China?

China exposure – HSBC is a unique banking group because of where it operates. The company is the biggest bank in Europe by assets but it generates most of its revenue in Hong Kong and Mainland China. Most recently, the firm has been shrinking its exposure in countries like France, Canada, and the United States.

1. The biggest challenge for HSBC is its exposure to China, a country that is imploding, as I wrote here,
2. Economic data published this week showed that new home sales in the country have plunged.
3. At the same time, some of the best-known companies in the country are starting to implode.
4. It started with Evergrande, the giant conglomerate that collapsed in 2021.

After that, smaller companies like Fantasia and Sunac missed their payments. Last week, the situation worsened when Country Garden missed its payments. The firm, which is now building over 1 million apartments, has warned that its half-year loss will be worth over $7.5 billion.

It also warned that it would miss its yuan and dollar bonds. Watch here: https://www.youtube.com/embed/UhxSs6P6U3U?feature=oembed Therefore, most analysts believe that the housing sector, which accounts for a quarter of GDP is on the verge of collapse. If this happens, it will be a trillion-dollar burst whose contagion effects will be spread globally.

HSBC has done well following the collapse of Evergrande as evidenced by the most recent financial results. It profit before tax jumped by $12.9 billion to $21.7 billion as its revenue jumped by $12.3 billion to almost $40 billion. The question is how the company will do if the Chinese economy implodes as some analysts expect.

Is HSBC UK owned?

From Wikipedia, the free encyclopedia This article is about the bank in the UK. For the global HSBC Group, see HSBC, For other individual entities of the group, see HSBC Bank,

HSBC UK Bank plc

HSBC UK head office at One Centenary Square, Birmingham
Type	Subsidiary
Industry	Finance and insurance
Predecessor	Midland Bank
Founded	22 August 1836 ; 187 years ago in Birmingham, Great Britain (as the Birmingham and Midland Bank ) 1 January 2018 ; 5 years ago (rebranded as HSBC UK )
Headquarters	1 Centenary Square, Birmingham, England, UK
Key people	Dame Clara Furse (Chairman) Ian Stuart (Chief Executive)
Products	Financial services
Number of employees	85,000 (including its subsidiaries )
Parent	HSBC Holdings
Website	hsbc,co,uk

HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is a wholly owned subsidiary of the global HSBC banking and financial group, which has been headquartered in London since 1993. The UK headquarters of HSBC is located at One Centenary Square in Birmingham.

• HSBC UK Bank plc is one of the four major clearing banks in the United Kingdom.
• The business ranges from the traditional high street roles of personal finance and commercial banking, to private banking, consumer finance as well as corporate and investment banking,
• Across all brands the bank operates some 1800 sites in the UK.

HSBC UK Bank plc is the only one of Britain’s big five banks to hold more deposits than loans (loan:deposit ratio of 90%). This has led to the bank being seen as a less risky proposition than the other banks by investors and customers, as it is able to fully fund its own operations.