A Wisdom Archive on Hongkong and Shanghai Banking Corporation - History

Hongkong and Shanghai Banking Corporation - Hang Seng Bank. Main article: Hang Seng Bank HSBC acquired a 62.14%, controlling interest in the local Hang Seng Bank in 1965 during a crisis of the latter. The Hang Seng Index for stock prices in Hong Kong is named after the Hang Seng Bank. ...

Read more here: » Hongkong and Shanghai Banking Corporation: Encyclopedia II - Hongkong and Shanghai Banking Corporation - Other Hong Kong operations

The founder of modern Singapore, Sir Stamford Raffles, intended Singapore to become a "great commercial emporium". At the heart of this dream was Raffles Place. Charted by Garrison Engineer Lieutenant R.N. Philip Jackson's map of Raffles' 1822 Town Plan, Raffles Place was located on the south bank of the Singapore River. Where a hill originally stood at Raffles Place, the soil of which was then used to reclaim the southern bank of the Singapore River to form Boat Quay. Known as Commercial Square then, Raffles Place was no more than a ...

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Standard Chartered Bank was formed through the merger of two British overseas banks: the Standard Bank of British South Africa and The Chartered Bank of India, Australia and China. The Chartered Bank is the older bank having been found in 1853 following the grant of a Royal Charter from Queen Victoria. The Chartered Bank opened its first branches in 1858 in Calcutta and Bombay and soon after in Shanghai. The following year, the Chartered Bank opened a branch in Hong Kong and an agency was opened in Singapore which was later upg ...

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The ending of credit restrictions in 1958 brought renewed competition into British banking. Midland responded by extending its branch network and by introducing a series of innovative services, including personal loans (1958), personal cheque accounts (1958) and cheque cards (1966).At the same time, the bank diversified its interests away from traditional commercial banking. Forward Trust, which was acquired in 1958, emerged as a leader in instalment finance, leasing and factoring services. Midland’s purchase in 1967 of a share in Montagu ...

Read more here: » Midland Bank: Encyclopedia II - Midland Bank - Post-war recovery and international alliances

Under the HSBC brand the bank maintains a network of around 220 branches throughout the Hong Kong SAR. For some time in the late 1980s and early 1990s, the bank was known by the name HongkongBank in its native city. During that period, it also adopted the idiosyncratic practice of calling its ATMs Electronic Teller Card (ETC) machines. Hongkong and Shanghai Banking Corporation - Hong Kong dollar bank notes. HSBC is one of the three banks which issues banknotes for Hong Kong (see Hong Kong dollar) - ...

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The Hongkong and Shanghai Banking Corporation maintains a network of around 170 offices in 20 countries in Asia Pacfic, as well as having ownership of a number of HSBC banks operating in various countries and holding the group's stakes in further lenders, particularly in mainland China. Operations of the group in the Asia-Pacific are under this subsidiary, and it forms the regional headquarters for Asia Pacific. This means the lines of authority from across the region for such entities as HSBC Bank Australia Limited, Hang Seng Bank, H ...

Read more here: » Hongkong and Shanghai Banking Corporation: Encyclopedia II - Hongkong and Shanghai Banking Corporation - Asia Pacific operations