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.
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.
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Top financial services experts continue to join the Libra project.
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Another massive Bitcoin ad rolls out in Hong Kong, urging citizens to “be their own bank.”
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DAML smart contract language is now used for digital bonds.
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Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law.
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Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process.
DBS Bank Joins Global Blockchain Network to Digitize Trade Settlement