Online Banking Review | HSBC Bank: Loans, Yes. Deposits?

High Return Savings Account — Tue, 05 Jan 2010 05:17:37 +0000

If you get to the end of this online banking review of the operations of HSBC bank and don’t understand what the heck is going on, believe me when I say I empathize. HSBC is one of the largest bank holding companies in the industry, and deciphering their myriad operations is simply a mind numbing task. Imagine If You Will a Large, Omnipresent Bank While the header text to this paragraph may sound like the beginnings of a twilight zone episode… maybe it is! HSBC (named for it’s founding member bank – Hong Kong and Shanghai Bank Corporation Ltd) has operations just about anywhere money changes hands. They are considered the leading bank in China and Asia Pacific, yet their headquarters is found in London (banking center of the universe – but what else would you expect from a truly global bank?). They also are considered a top Islamic bank, with operations in the Middle East, as well as a prominent bank in South America (ops in Brazil). Oh… and they have a US wholly-owned subsidiary with $175 billion in assets. A quick look at how those assets break down indicate a $75 billion loan portfolio, $25 billion in trading [...]

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Online Banking Review | HSBC Bank: Loans, Yes. Deposits?