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HSBC Continental Europe, known until December 2020 as HSBC France SA, is a subsidiary of HSBC, headquartered in Paris. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank .
Acquisitions in 2005 included Metris Inc, a US credit card issuer for $1.6 billion in August [43] and 70.1% of Dar es Salaam Investment Bank of Iraq in October. [44] In April 2006, HSBC bought the 90 branches in Argentina of Banca Nazionale del Lavoro for $155 million. [45] In December 2007 HSBC acquired the Chinese Bank in Taiwan. [46]
An EMV credit card. EMV is a payment method based on a technical standard for smart payment cards and for payment terminals and automated teller machines which can accept them. . EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standa
Westpac also acquired HSBC's operations in Fiji and the New Hebrides, and established a branch in Niue that is the only bank in that country. (HSBC had established its branch in Fiji only some 18 months earlier). 1990: Bank of New Zealand sold half its shares in Bank of Tonga to Westpac and half to Bank of Hawaii, giving each of them 30%.
The National Financial Switch was launched by the IDRBT on 27 August 2004, connecting the ATMs of three banks, Corporation Bank, Bank of Baroda and ICICI Bank. [3] [4] [5] The IDRBT then worked towards bringing all major banks in India on board and by December 2009, the network had grown to connect 49,880 ATMs of 37 banks, thereby emerging as the largest network of shared ATMs in the country.
HSBC Bank Egypt was established in 1982 as Hongkong Egyptian Bank with 40% HSBC ownership. In January 1994, the bank was renamed Egyptian British Bank under the same shareholding structure. The bank took the name HSBC Bank Egypt in April 2001 following an increase in shareholding by the HSBC Group's from 40% to 94.5% of its issued share capital .
The bank established credit and debit card payment handling company Streamline in 1989, which was merged into Worldpay Group in 2009. [84] The NatWest Mobile Banking app is available to personal account holders over the age of 11 with online banking, a debit card and UK mobile telephone number (beginning 07).
Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services.Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.