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[7] In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA). [4] HSBC traces its origin to a hong trading house in British Hong Kong. The bank was established in 1865 in Hong Kong and opened branches in Shanghai in the same year. [1] It was first formally incorporated in 1866. [8]
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.
QR Ph (officially the National QR Code Standard) is the standardized quick-response code system adopted in the Philippines, which is based on the Europay-Mastercard-VISA (EMV) standard. It serves as a swift and secure payment method for customers of both participating banks and non-bank electronic money issuers (EMI) in the country.
An application (app, application program, software application) is any program that can be categorized as application software. [ 1 ] [ 2 ] Common types of applications include word processor , media player and accounting software .
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The bank offers a full range of cross-border banking products and services including Retail Banking, Commercial and Global Banking, Wealth Management and Offshore banking. HSBC is the largest foreign bank in Qatar and has three branches in Doha, located at Airport Road, City Center and Salwa, as well as a network of ATMs at 11 locations.
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). [5] Of the total notes in circulation measured by value, HSBC is the most prolific issuer, its notes representing 67.7% of those in issue.