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.
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
The Department of Economic Development of Dubai has established a KYC blockchain consortium with six major banks.
Dubai Gov’t to Launch KYC Blockchain Consortium in Q1 2020
British banking giant HSBC will digitize paper-based records of $20 billion in private placements with blockchain technology by March 2020.
HSBC to Digitize Private Placement Records to Track $20B in 2020
The need for censorship-resistant currencies like Bitcoin has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong...
Spotlight on Bitcoin as HSBC Shuts Hong Kong Protest-Linked Account
HSBC will explore the use of distributed ledger technologies for bond issuance in a joint trial with the Singapore Exchange and Temasek.
HSBC, SGX and Temasek Explore Distributed Ledger Tech in Asian Bond Market
Global banking giant HSBC has tested out its blockchain-based trade finance platform Voltron and reduced transaction time by 40%.
HSBC Blockchain Connection Reduces Transaction Time by 40%