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HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
In the wake of World War II, Hong Kong faced the massive task of rebuilding its infrastructure and economy. The banking sector was pivotal in this recovery phase, offering loans for reconstruction efforts and promoting trade activities, thereby setting the stage for Hong Kong's subsequent growth.
The couple had two sons, and a daughter, Helen Christian Sutherland (1881–1965), known as an art patron; one of the sons, Eric Macnaught Sutherland, died in the Second Boer War, the other son, Thomas Leslie Macnaught Sutherland, died during World War I. In 1920, his wife Alice died. [7] [8]
By 1934, it was the largest deposit bank in the world. It was listed on the London Stock Exchange, and was once a constituent of the FTSE 100 Index, but in June 1992, it was taken over by HSBC Holdings plc, which phased out the Midland Bank name by June 1999 in favour of HSBC Bank.
The largest bank in Hong Kong, HSBC operates branches and offices throughout the Indo-Pacific region and in other countries around the world. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar .
John Malcolm Gray was born in Hong Kong on 28 July 1934. [3] At the beginning of the Second World War, Samuel Gray, his father, was manager of the bank in Calcutta. [3] He sent his family to Australia for safety. [3]
The Freemasons occupied the hall until 1939 when it was acquired by the government during World War II to be used by the Ministry of Food and the War Office for Army Recruitment. The hall was later adapted in the 1970s to form part of the ATV studio complex. The hall was demolished in 2006 ahead of the proposed Arena Central development project.
This came as a surprise after HSBC sold its branch network in Upstate New York in 2012 to First Niagara, KeyBank, Community Bank, N.A. and Five Star Bank. In January 2019, HSBC announced it would open two new branches in Western New York, as part of the bank’s initiative to open 50 branches in new and existing markets in the United States.