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.
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
Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law.
Global Banks Reportedly Limit Service in Hong Kong for Political Reasons
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
A blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q...
HSBC: Blockchain Platform Will Keep Trade Finance Smooth Despite Coronavirus
Bitcoin is battling to resume its bullish trend, and Vitalik Buterin reveals the details of the Ethereum 2.0 roadmap to Cointelegraph.
Bitcoin’s Bullish Battle, Ethereum 2.0, BCH Faces ‘Slow Death’: Hodler’s Digest, Feb. 17–23
HSBC plans to drop $100 billion in risk-weighted assets and 35,000 jobs in the next three years to invest more in digital finance.
HSBC to Drop 35,000 Jobs and Invest in Digital Finance