...organisation in the world is known as the HSBC Group. It has established businesses in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. In 1991, HSBC holdings were incorporated in England, with its head office based in London. In 1999, the company established its international brand name, which ensured that the Group's corporate symbol became a familiar sight all across the world. HSBC differentiates its brand name from those of its competitors by describing the unique characteristics which distinguish HSBC, namely being, 'The world's local bank'. As at 31st December 2004, its total asset was valued at £660 billion. It has over 9,800 offices worldwide. It employs over 253, 000 people, across different countries and territories. Its shares are held by around 200,000 people in some 100 countries and territories. The company's shares are also traded on most of the world's renowned stock exchanges, namely, London, Paris, New York, and Bermuda stock exchanges respectively. One of the major tools it uses for functionality on a worldwide scale is the company's use of information technology. Its e-business channels include the internet, PC banking, interactive TV, and telephone banking. It maintains its own private network (intranet and extranet), in which HSBC's websites attracted 900 million visits in 2004. In Bangladesh, the HSBC Group's history dates back to 1996 when The Hongkong and Shanghai Banking Corporation (HSBC) Ltd opened its first...
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...History 2. Cascade Approach 3. Mission & Vision 4. Different Objectives 5. Human Resource Planning 6. Marketing Mix 7. Training 8. Remuneration/Benefits 9. Privacy & Security System 10. Loans 11. Types Of Banking 12. Conclusion History The Hongkong and Shanghai Banking Corporation Limited is a prominent bank established and based in Hong Kong since 1865 when Hong Kong was a colony of the British Empire. It is the founding member of the HSBC Group and since 1990 is now a wholly owned subsidiary of HSBC Holdings plc. The company's business ranges from the traditional High Street roles of personal finance and commercial banking, to corporate and investment banking, private banking and global banking. It is the largest bank in Hong Kong with branches and offices throughout the Asia Pacific region including other countries around the world. HSBC started operations in Bangladesh in 1996. The bank primarily focuses on urban areas and has branches in most areas of the capital city of Dhaka, it also has branches in the cities of Chittagong and Sylhet. In Bangladesh the bank has network of 13 offices, 38 ATMs, 9 Customer Service Centers, an offshore banking unit, and offices in 7 EPZs. It has 1051 employees. (2010) Cascade Approach This is the tools to pass on the...
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...HSBC: the Worldwide Local Bank........for Money Laundering and Rogue Nations. The details of the HSBC money laundering case are simultaneously enraging and sickening. HSBC agreed last month to pay the U.S. government $1.9 billion to settle a suit into widespread money laundering facilitation by the New York branch of Europe’s largest bank. But, this is not mere money we are talking about; it is the daily gang violence on the streets of our cities and towns, it is the increased likelihood that your children will be offered drugs in their schools; it is the abduction of children and selling them into the sex trade. Authorities estimate that the average annual income generated from a trafficked child is $200,000 per year. That money has to be laundered somewhere, by someone. Money laundering is taking the proceeds of crime (“illegitimate” money) and bringing it into the legitimate financial system so that the criminals can use that money without being tied to those terrible crimes – crimes like the manufacturing and distribution of drugs, selling people into the sex trade, trafficking in illegal weapons, and selling knock-off, unsafe products like toys with high levels of lead paint into the marketplace. By HSBC practices they encouraged this behavior and made a profit because of it. Those are some of the many possible effects of HSBC’s years of permitting hundreds of trillions of dollars to flow through HSBC Bank U.S.A with no money laundering controls being applied...
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...Political Aspects HSBC Banking has been protected by the regulations and policies formulated by different government in the countries where they are operating. The company has been able to adhere to the policies given by each government to make sure that the company will be able to conduct business operations successfully and effectively. Furthermore, the company also formulates their own protection strategies against any governmental restrictions and limitations. Economic Aspect Being the world's largest and competitive industry in terms of banking and finance, HSBC, is said to have a stable and successful economic stability. In spite of many dangers that they encounter in different parts of the world, the management of HSBC sees to it that they would be able to surpass such struggles and strives to have a better economic condition. Social Aspect HSBC is being affected by the situation of the society in which they are operating. Along with this, HSBC tries harder to make sure that each society is given equal chances to take advantage of the resources given by the organisation. The company adheres to having good reputation and relations in the society that they belong. Technological Aspect The emergence of information technology and internet affects how HSBC has been operating in the past years. The company adopts different IT/IS systems and used internet to reach their customer all over the world and to know the latest trends in the global business...
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...The recent global financial crisis caused numerous serious problems around the world. Many countries like the United States, Spain and Greece suffered very heavy strikes during this financial crisis. The Australian banking system is no exception, has been impacted. Some financial institutions grasp this crisis into good opportunities, however other commercial banks are exposed to big challenge and face many risks like credit and liquidity risk. Given this situation, APRA outlines the regulations to ensure and consolidate the safety for Australian banking system, such as Liquidity and Credit quality. This report will analyse the difference between credit risk and liquidity risk at the beginning, then the regulations from APRA in terms of credit risk for the major and smaller banks will be discussed. Next, there will be 3 ratios of credit risk of the “big four” contrast to a major commercial bank in the UK. This report will be end with evaluating the credit risk of 5 major banks and give some findings are regarding with the credit risk of 5 banks. 1. Explain the difference between credit risk and liquidity risk for a bank. 1.1 Credit risk Credit risk is the risk that the promised cash flows from loans and securities held by FIs may not be paid in full (Lange & Saunders, 2013). Normally, all financial institutions have probability to face this risk. However, if borrowed principal is paid on maturity and interest payments are paid on the due date, FIs can eliminate credit...
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...Chapter 1: Introduction to HSBC Group 1.0 HSBC Mission Statement: “We aim to satisfy our customers with high quality service that reflects our global image as the premier international bank” Objectives of HSBC: HSBC’s objectives are to provide innovative products supported by quality delivery of systems and excellence customer services, to train and motivate staffs and to exercise social responsibility. By combining regional strengths with group network HSBC’s aim is to be the one of the leading banks in its principle markets. HSBC’s goal is to achieve sustained earnings growth and to continue to enhance shareholders value. 1.1 An Overview of HSBC Group The HSBC Group is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 in Hong Kong and Shanghai to finance the growing trade between China and Europe. Thomas Sutherland, a Hong Kong Superintendent of the Peninsular and Oriental Steam Navigation Company helped to establish this bank in March 1865. Throughout the late nineteenth and the early twentieth centuries, the bank established a network of agencies and branches based mainly in China and South East Asia but also with representation in the Indian sub-continent, Japan, Europe and North America. The post-war political and economic changes in the world forced the bank to analyze its strategy for continued growth in the 1950s. The bank diversified both its business and its...
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...HSBC Wants to be known as the “world’s local bank.” This tagline reflects HSBC’s positioning as a globe-spanning financial institution with a unique focus on serving local markets. Originally the Hong Kong and Shanghai Banking Corporation Limited, HSBC was established in 1865 to finance the growing trade between China and the United Kingdom. It’s now the second largest bank in the world. Despite serving over 100 million customers through 9,500 branches in 85 countries, the bank works hard to maintain a local presence and local knowledge in each area. Its fundamental operating strategy is to remain close to its customers. As HSBC’s former chairman, Sir John Bond, stated, “Our position as the world’s local bank enables us to approach each country uniquely, blending local knowledge with a worldwide operating platform.” Ads for the “World’s Local Bank” campaign have depicted the way different cultures or people interpret the same objects or events. One TV spot showed a U.S. businessman hitting a hole-in-one during a round in Japan with his Japanese counterparts. He is surprised to find that rather than paying for a round of drinks in the clubhouse, as in the United States, by Japanese custom he must buy expensive gifts for his playing partners. In another international TV spot, a group of Chinese businessmen take a British businessman out to an elaborate dinner where live eels are presented to the diners and then served sliced and cooked. Clearly disgusted by the meal, the British...
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...------------------------------------------------- Charoen Pokphand Group buys share of Ping An from HSBC Holdings Plc Critical Strategic Analysis Prepared for: Mr. Sheikh Morshed Jahan Associate Professor Course Instructor: Business Strategy (W501) Prepared by: Tabassum Jahan RH 59 Batch 18 Bachelor of Business Administration Institute of Business Administration (IBA) University of Dhaka September 24, 2013 What Happened * December 5, 2012 | : HSBC announced that HSBC Insurance Holdings and the Hong Kong and Shanghai Banking Corporation Limited, two indirect wholly-owned subsidiaries of HSBC Holdings plc, would sell their entire shareholdings in Ping An Insurance Co. , China’s biggest private insurer, to the Thailand-based Charoen Pokphand Group (CP Group) at 59 HK dollars per share. | * February 1, 2013 | : Wholly owned subsidiaries of the Charoen Pokphand Group Company Limited received regulatory approval from the China Insurance Regulatory Commission (“CIRC”) to purchase the Ping An Insurance’s shares. The 4 buyers are indirect wholly-owned subsidiaries of CP Group - All Gain Trading Ltd, Bloom Fortune Group Ltd, Business Fortune Holdings Ltd and Easy Boom Developments Ltd. | The whole 15.6% stake was sold for $9.38 billion. HSBC group has already made a $1.9 billion paper profit on the deal as a result of Ping An’s shares being a fifth higher than the HK$59.00 ($7.61) that it agreed to pay. Concerned parties About HSBC HSBC Holdings plc was founded in London in 1991 as a British multinational...
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...Case HSBC HSBC wants to be known as the “world’s local bank.” This tagline reflects HSBC’s positioning as a globe-spanning financial institution with a unique focus on serving local markets. Originally the Hong Kong and Shanghai Banking Corporation Limited, HSBC was established in 1865 to finance the growing trade between China and the United Kingdom. It’s now the secondlargest bank in the world. Despite serving over 100 million customers through 9,500 branches in 85 countries, the bank works hard to maintain a local presence and local knowledge in each area. Its fundamental operating strategy is to remain close to its customers. As HSBC’s former chairman, Sir John Bond, stated, “Our position as the world’s local bank enables us to approach each country uniquely, blending local knowledge with a worldwide operating platform.” Ads for the “World’s Local Bank” campaign have depicted the way different cultures or people interpret the same objects or events. One TV spot showed a U.S. businessman hitting a hole-in-one during a round in Japan with his Japanese counterparts. He is surprised to find that rather than paying for a round of drinks in the clubhouse, as in the United States, by Japanese custom he must buy expensive gifts for his playing partners. In another international TV spot, a group of Chinese businessmen take a British businessman out to an elaborate dinner where live eels are presented to the diners and then served sliced and cooked. Clearly disgusted by the meal...
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...Why HSBC? - Careers - HSBC Holdings plc http://www.hsbc.com/careers/why-hsbc?WT.ac=HGHQ_Care... Why HSBC? Careers Achieve your potential HSBC is one of the world’s largest financial services organisations. Whether you are looking for a first job or taking the next step in your career, our global reach offers many ways for you to realise your ambitions. Explore our business Discover opportunities in our four Global Businesses and operational and functional teams. Read more At HSBC, our objective is to be the world’s leading international bank. Since its formation in Hong Kong in 1865, the bank has helped to facilitate trade. Today our network covers 72 countries and territories in both established and emerging markets, making us well positioned for future growth as the world economy becomes more connected and trade and capital flows increase. The potential presented by these changes, together with our size and reach, allow us to offer many opportunities across the organisation for anyone interested in pursuing a fulfilling career that enables you to work with colleagues and customers worldwide. These roles span all major areas within HSBC, from retail, commercial and investment banking to support functions such as finance, human resources, technology and marketing. Our network covers 72 countries and territories We look for people who are ambitious and want to develop their career while making a strong contribution to HSBC’s long-term, sustainable growth. To ensure we...
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...FINANCE & ACCOUNTING Should HSBC Stay or Should It Go? by David Champion MARCH 17, 2011 London-based HSBC, arguably the world’s most global bank, recently described speculation that it was planning to shift its headquarters from London to Hong Kong as “presumptuous.” Well, maybe, but whenever you hear a politician denying that he will resign, you nearly always end up seeing him resign a week later. But the kerfuffle raises a more interesting question: Does it really matter if HSBC moves its HQ from London? After all, HSBC is not proposing to close its British operations. What is so special about where a global organization headquarters itself? Well, obviously it can affect a business’s tax bill. That, though, is a largely technical issue, because your nominal headquarters need not be your operational one. What we are really talking about is whether it matters where your key decisions are made or where your CEO makes spends most time. It probably wouldn’t matter much if your operations were really evenly distributed across the world. If that were the case, you could pick and choose from the various reasons a taxefficient locality that was an attractive place for senior executives to move their families to. But as Pankaj Ghemawat points out in his forthcoming World 3.0 (HBR Press, April 2011), very few firms are truly global in the sense that their business isn’t concentrated in any one spot. He notes that as recently as 2004, less than one percent...
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...Is Argentina a good bet for HSBC, or should they shut down operations and invest more aggressively in fast growing china? The year 2001 was disastrous for HSBC. It lost over $1.1 billion due to Argentina's economic problems compared to their profit in previous year of $324. It was forced to rethink loans and to decide if the political and economic instability in Argentina was worth the risk of continuing operations there. The company managed to beat the financial crisis of 2007-2009 only by raising additional capital from shareholders, offering high-quality products and services to customers, and increasing operating income. Because HSBC is one of “the ten largest banks in terms of overall market share in foreign-exchange trading,” it did not have to obtain a government bailout to stay in business. In spite of this, Argentina is still a small market compared to faster-growing nations in Asia, so the firm should be very careful in its decision to remain in the country. Even former chief executive Keith Whitson agreed that the company should not continue to invest in Argentina, one reason being the devaluing of the peso. In addition to it, the rigid government policies make it a country that is very volatile to crisis, which is not good for HSBC. It is apparent that HSBC is controlling neither money market nor the fiscal policy. They are just doing business and becoming the victims of situation. HSBC should continue to be cautious in its approach to increased investment in Argentina...
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...HSBC in China Case Analyses from Luthans & Doh, In-depth Integrative Case 4.1 Chander ZHU Dec. 2014 IBS_HSBC in China Hong Kong and Shanghai Banking Corporation was founded to finance the growing trade between Europe, India and China in Hong Kong March 1865 and month later in Shanghai. (King, 1987) With its longtime settled in China, HSBC is already member of top tier financial institutions operating in the biggest emerging market and been the largest foreign banking group in China. This essay is aiming to exam the strategy of HSBC revolution over the years in China, meanwhile to illustrate the HSBC’s strategy changed before and after China’s accession to the WTO. Then, the strategy of HSBC’s expands in China’s rural areas will be mentioned with both evaluation of advantages and disadvantages. Following, the strategy of HSBC on how to enter and operate in the other emerging markets will be discussed in terms of successful cases and setbacks. Finally, the influence from world economic crisis on HSBC and future potential opportunities for HSBC will definitely be focused on. Before the WTO accession in 2001, China’s banking industry...
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...Compared to other people in general, how would you rate your leadership ability? Please briefly explain in the space provided why you chose that answer. Top 10%. I believe there are two things a leader should have: concern and responsibility. Regularly, I talk to my fellows to know what they think about their work, and helped them find their positions. While work I will never give up and always try my best. Please describe your career objective and what you have done to date to achieve it. I choose financial advisor as my career way. Because I like to research and help people solving their problems. This decision just made up in last semester. I haven't prepared much for it but everything I have done I treated it seriously. As my major is International Economics and Trade, I choose some lessons that related to investment to learn. Meanwhile I read some books about investment principle and business comments on newspapers. I choose auditing as my career way. Because auditing will provide me an opportunity to know many different companies and industries. I am an active and easy-going girl. I would like to cooperate with people from various backgrounds. This decision is made up in last year. As my major is Business Management, I choose some lessons such as accounting, auditing and finance to learn. Meanwhile I learned three CPA courses by my self and attended the examination in Sep, 2006. The CPA certification is one of my target in the coming year. Please include any...
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