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In 2008, The Hongkong and Shanghai Banking Corporation merged its Pakistan banking business with HSBC Bank Middle East Limited. [23] Over the course of next 4 year, it expanded its operations to all major cities of Pakistan and operated as a full-service bank. At its peak, it had 12 offices, 24/7 telephone call centre, and HSBC Premier.
In May 2014, Meezan Bank agreed to acquire Pakistani operations of HSBC Bank Middle East which included 10 local branches and access to 75 multinational corporate clients. [12] [13] [14] A year later, Meezan Bank acquired Pakistan operations of HSBC Oman consisting of a single branch. [15] [16]
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. [9] [10] [11] The next year (1992), HSBC took over Midland Bank and thus became one of the largest domestic banks in the United ...
HSBC doubled its profits and is giving shareholders $3 billion in buybacks but the bank’s troubles haven’t ended just yet Prarthana Prakash October 30, 2023 at 8:32 AM
HSBC Holdings' largest shareholder Ping An on Friday urged the lender to aggressively reduce costs by cutting jobs and divesting peripheral non-Asian businesses, the first such public call by the ...
Twitter Inc said on Tuesday it would name the top shareholder and Tesla boss to its board a day after the billionaire disclosed a 9.2% stake in the social media company.
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John Michael Flint (born 1968) is a British banking businessman, who was chief executive (CEO) of HSBC Group from February 2018, having succeeded Stuart Gulliver.After serving for about 18 months, Flint announced on 5 August 2019 that he would be stepping down from the position, after a mutual agreement with the board.