HSBC is a British multinational financial services company founded in British Hong Kong in 1865 by Thomas Sutherland. HSBC bank is currently one of the largest banks in terms of revenue, total assets and operating income. Some of the major subsidiaries of HSBC are HSBC Bank USA, HSBC Bank PLC, The Hongkong and Shanghai Banking Corporation Limited, and HSBC Japan. HSBC mostly specializes in commercial banking, investment banking, wealth management and global private banking. HSBC was a part of numerous money laundering investigations by the U.K., U.S. and international authorities. The company was also a part of a foreign exchange (forex) scandal and London Interbank Offered Rate (LIBOR) scandal, both of which resulted with fines in favor of the authorities. However, HSBC Bank remains one of the most influential and robust international financial services in Europe and in the world.
Having over 90,000 BTC on the balance sheet could see a company’s stock blacklisted by banks that remain crypto detractors.
Bitcoin on balance sheet attracts negative attention from anti-crypto banks
The investment banking giant now reportedly classifies MicroStrategy as a “virtual currency product.”
HSBC reportedly blacklists MicroStrategy's stock for investing in Bitcoin
A major global blockchain trade network welcomes one of Russia’s largest banks.
Russian Alfa-Bank joins HSBC-backed blockchain trade finance network
Bitcoin grapples with $11,000 as money laundering engulfs the banking sector again and coronavirus spoils stocks sentiment.
HSBC stock hits 25-year low: 5 things to watch in Bitcoin this week
Top financial services experts continue to join the Libra project.
Libra appoints HSBC veteran to manage crypto project's operational wing
Another massive Bitcoin ad rolls out in Hong Kong, urging citizens to “be their own bank.”
Hong Kong’s BTC association pushes ‘Bitcoin Tram’ ad campaign
DAML smart contract language is now used for digital bonds.
Singapore Exchange uses blockchain to issue $300m digital bond