HSBC is known as the “World’s local bank”. Originally called the HongKong and Shanghai Banking Corporation Limited‚ HSBC was established in 1865 to finance the growing trade between China and the United Kingdom. HSBC is now the second largest bank in the world‚ serving 100 million customers through 9‚500 branches in 79 countries. The company is organized by business line (personal financial services; customer finance; commercial banking; corporate investment banking and markets; private banking)
Premium Bank United Kingdom New York City
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:
Premium Ethics Business ethics Money laundering
1) What problem did HSBC face in this case? What management‚ technology‚ and organization factors were responsible for the problem? Did HSBC management correctly identify the problem? HSBC Holding‚ with headquarters in London‚ is one of the world’s biggest and most successful banks. Like many others‚ the bank ran into problems during the global financial crisis of the late 2000s due in large part to its heavy exposure to the U.S. subprime mortgage market. HSBC not only originated mortgages‚ but
Premium Management Strategic management Risk
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 bank in 1992 and now has become the
Premium Marketing Management Psychology
Analysis Of Hsbc SWOT Analysis of HSBC: Strengths: 1. Size: World’s largest (based on a composite score‚ Forbes) and most profitable banking corporation 2. Highest international presence: 128 mn customers worldwide 3. London & NY listing: Prestige and visibility. Access to UK and US capital markets for future capital raising. 4. Diversified approach - both geographically and on basis of customer group Weaknesses: 1. Branding: HSBC setup banks under different names (Hong Kong Bank of Canada
Premium Bank Financial services Marketing
Mission‚ Vision‚ Values and Principles of Chipotle Mexican Grill Abstract This paper explores the mission‚ vision‚ values and principles of Chipotle Mexican Grill that guide them in the restaurant industry. Their key mission‚ vision‚ and values revolve around providing food with integrity and changing the way people think about and eat fast food. Chipotle’s principles include sticking to the basics of a simple menu and uncomplicated‚ interactive employee roles. Mission‚ Vision‚ Values and Principles
Premium Strategic planning Chipotle Mexican Grill Eating
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 3000 ATM machines‚ over 42 000 cash machines and over 54 000 employees. Understandably
Premium Bank United Kingdom
Introduction: E-banking has become essential for banks in the last several years‚ mostly in developed countries. With the introduction of online banking‚ banks have been able to reach millions of customer’s that are not even in their geographical area and bring them a quick & easy way to check their statements‚ balances‚ view recent transactions and many more facilities that were not possible to do before‚ unless they went to the branch of their local bank. With this introduction‚ it brings the customer
Premium Bank Credit union
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
Premium Appeal 1965 Lawsuit
direction and guides the allocation of resources to achieve long-term organizational objectives. Before an organization can focus on the strategic management of its objectives‚ there mustbe a vision and mission. According to David‚ a vision statement directs the association toward future goal or achievement in the long term and provides the foundation for developing a mission statement. An organization ’s mission is referred to its reasons for existence‚ and reflects the organization ’s basic purpose
Premium Statements Strategic management Business terms