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.
Banking giant HSBC echoes global stablecoin concerns, calling for regulation to be equivalent to its adoption level.
HSBC CEO backs CBDCs against crypto and stablecoins
“We take our duty as a responsible lender seriously and want to do everything we can to protect you,” HSBC UK reportedly wrote.
HSBC UK cuts credit card payments to Binance
HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology.
HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain
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