Introduction:
HSBC Holdings plc provides banking and financial products and services in the United Kingdom and internationally. It operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking businesses. The companys Retail Banking and Wealth Management business offers a range of personal banking products and services, including current and savings accounts, mortgages and personal loans, credit cards, debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, asset management services, and financial planning services. Its Commercial Banking business provides credit and lending, and international trade and receivables finance; treasury management and liquidity solutions, such as payments and cash management, and commercial cards; commercial insurance and investments; and foreign exchange products, and debt and equity capital raising and advisory services to small and medium-sized enterprises, mid-market enterprises, and corporates. The companys Global Banking and Markets business is involved in the provision of financing, advisory, and transaction services, as well as services in credit, rates, foreign exchange, equities, money markets and securities services; and principal investment activities to government, corporate and institutional clients, and private investors. Its Global Private Banking business provides investment management, advisory, discretionary, and brokerage services; private wealth solutions, comprising trusts and estate planning; and private banking services to high net worth and ultra-high net worth individuals and their families. The company operates through approximately 6,000 branches in North America, Latin America, Europe, the Middle East, North Africa, and Asia. HSBC Holdings plc was founded in 1865 and is headquartered in London, the United Kingdom.