REPORT ON HSBC History of HSBC HSBC ( Hongkong Shangahai and Banking corporation) is among the largest banks in the world. It came into being in the year 1865 to enhance the growing trade between India‚ China and Europe. The idea of forming the bank came from the mind of Thomas Sutherland who had envisioned the growing demand of banking facilities in Chinese market and consequently the bank was opened in 1865 in Honkong and Shangahai. Very soon the bank had opened up branches around the world
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Here are the strengths‚ weaknesses‚ opportunities and threats of HSBC‚ "The World’s Local Bank." Strengths-- *International Finance. Since HSBC is a multinational company itself‚ it is well-qualified to advise other companies on aspects of international business. With offices around the world‚ for the cosmopolitan client‚ HSBC often cannot be beaten in this area. HSBC knows how to succeed in M&A and organic and effective growth-- it was mostly an Asian bank until it took over a UK
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Microenvironment This section will focus on the factors within the company that effect its ability to serve its customers and follow its strategy successfully. The factors that will be looked at are: The company‚ suppliers‚ intermediaries‚ customers‚ competitors and publics. The Company HSBC is one of the world ’s largest and most successful banks. To have an idea of its magnitude have a look at the organisational structure (appendix 1). In the UK alone it has 1700 branches‚ approximately
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shareholders‚ they would be very happy. HSBC has exceeded its profit expectations in the first quarter of 2011. The bank generated a $11.5 billion pretax profit for the first half of 2011 up from $11.1 billion a year ago. But to the bank’s employees‚ they may not dare to join the celebration. It is because most of them would become unemployed in the next second. HSBC announced its strategy to cut 30‚000 jobs before 2013 for cost savings and shaping the business strategy. Due to the HSBC’s layoff plan
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HSBC (The Hong Kong Shanghai Banking Corporation): INTRODUCTION: HSBC is the world’s second-largest banking and financial services group. The origins of the bank lie in Hong Kong and Shanghai‚ where its branches were first open in 1865. Number of location is around 7‚500 offices in 87 countries and territories; Only in united states it has more than 460 bank branches‚ 210.000 shareholders‚ 300‚000 staff‚ and approximately 128 million customers worldwide. Throughout the world among the multinational
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The HSBC Money-Laundering Scandal Case Facts HSBC is one of the largest financial institutions in the world‚ with assets over $2.5 trillion‚ 89 million customers‚ 220‚000 shareholders‚ operations/affiliates in 85 countries‚ and 2011 profits of nearly $22 billion (HSBC‚ 2011a). Drawing upon evidence revealed following a year-long investigation into HSBC (Levin et al.‚ 2012)‚ seven areas of case fact illustrating key anti-money laundering (AML) and terrorist financing problems can be seen including:
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Transnational IT Operations Paper This paper will provide overview of transnational IT operations and consider various factors associated with transnational IT operations. This paper will also address the advantages‚ disadvantages‚ and issues related to transnational IT operations. Language‚ cultural diversity‚ local customs‚ and control issues will be considered in this paper related to transnational IT operations. This paper will also focus on transfer of work‚ global network‚ service levels‚
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Joe Bonazelli JVB5618 Final Project: Part 2 Due: 4 December 2012 Sony Corporation: Globalization Meets Localization Topic: What is a transnational corporation? Select any one and present a short essay on what the company produces‚ where are the facilities located‚ and refer to aspects of capital‚ labor‚ and markets of its final product. Abstract: A transnational corporation is a nationally based company that manages production units or provides service in two or more countries. They are corporations
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crime‚ also known as transnational crime‚ poses a serious threat to American communities‚ financial and business institutions‚ and to the stability and security of the global populace. International crime knows no boundaries or borders‚ nor does it recognize the rules or laws within them. National and international security will always be threatened as long as international crime is at its doorstep. According to Picarelli (2011)‚ the U.S. Department of Justice defines transnational organized crime in
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1. Review the decision in the case of Shah v. HSBC (2012) and evaluate the implications of the decision for regulated financial services firms. In particular: * What are the key issues in the case? * Outline the decision of the court * Evaluate what practical guidelines can be taken from the case by regulated financial services firms Under the proceeds of crimes act 2002 (POCA) all UK financial institutions and other regulated firms not only have to report suspicions of money laundering
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