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HSBC Holdings, plc

HSBC Holdings plc 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. According to S&P Global's April 2026 report, HSBC is Europe's 2nd largest bank by assets, with $3.212 trillion in assets. This also puts it as the 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world. HSBC traces its origins 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. It was formally incorporated in 1866 as the Hongkong and Shanghai Banking Corporation. In 1991, the current parent company, HSBC Holdings plc, was established in London and the historic Hong Kong–based bank from which the group took its name became that entity's wholly owned subsidiary. The following year, HSBC took over Midland Bank, becoming one of the largest domestic banks in the United Kingdom.

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