Page 138 - Bank Case Studies

FINES: ‘The cost of

doing business’

HSBC Holdings plc, is a

British multinational

banking and financial

services holding company

and is the world’s seventh

largest bank by total

assets some $2.521

trillion in 2017.

In 2017 HSBC had a revenue of $51.445 billion and a net

income of some $11.879 billion and employed 228, 687

people in 3,900 offices, operating in 67 countries.

HSBC is organised within four business groups:

• Commercial Banking;

• Global Banking and Markets (investment banking);
• Retail Banking and Wealth Management; and

• Global Private Banking,

and is listed on both the Hong Kong Stock Exchange and the

London Stock Exchange.