HSBC Holdings plc - Revision history

General-KJ: Added Infobox

2024-08-19T17:05:05Z

Added Infobox

← Older revision		Revision as of 17:05, 19 August 2024
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			{{Infobox company\|name=HSBC Holdings plc\|image=HSBC logo (2018).svg\|founding_name=The Hongkong and Shanghai Bank\|founding_date=3 March 1865\|founding_place=[[Hong Kong]]\|founder=[[Thomas Sutherland]]\|industry=Financial services\|headquarters=8 Canada Square<br>[[London]], [[England]], [[UK]]\|key_people=[[Mark Tucker]] ((Group Chairman)<br>[[Noel Quinn]] (Group Chief Executive)\|employee_number=221,000 (2024)\|revenue=US$62.611 billion (2023)\|net_income=US$24.559 billion (2023)\|total_assets=US$3.038 trillion (2023)}}

	'''HSBC Holdings plc''' is a [[United Kingdom of Great Britain and Northern Ireland\|British]] [[Imperialism\|imperialist]] bank and holding company. It's the second largest bank in Europe, only falling behind the [[French Republic\|French]] [[BNP Paribas S.A.\|BNP Paribas]]. It employs 226,059 workers in 53 countries and territories as of 2020.<ref>{{Citation\|author=HSBC Holdings plc\|year=2020\|title=Annual report\|page=29\|quote=During 2020, we reduced the number of employees expressed in full-time equivalent staff (‘FTE’) and contractors by 11,011. This included a 9,292 reduction in FTE to '''226,059'''.\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref><ref>{{Citation\|title=Annual report\|quote=We support over 1.3 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets to large companies operating globally.\|author=HSBC Holdings plc\|year=2020\|page=32\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref>		'''HSBC Holdings plc''' is a [[United Kingdom of Great Britain and Northern Ireland\|British]] [[Imperialism\|imperialist]] bank and holding company. It's the second largest bank in Europe, only falling behind the [[French Republic\|French]] [[BNP Paribas S.A.\|BNP Paribas]]. It employs 226,059 workers in 53 countries and territories as of 2020.<ref>{{Citation\|author=HSBC Holdings plc\|year=2020\|title=Annual report\|page=29\|quote=During 2020, we reduced the number of employees expressed in full-time equivalent staff (‘FTE’) and contractors by 11,011. This included a 9,292 reduction in FTE to '''226,059'''.\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref><ref>{{Citation\|title=Annual report\|quote=We support over 1.3 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets to large companies operating globally.\|author=HSBC Holdings plc\|year=2020\|page=32\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref>

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	== References ==		== References ==
	<references />		<references />
			[[Category:Imperialist companies]]
			[[Category:Banking companies]]

Spookfessor: Pertinent point avoid lack of any convictions of those involved

2022-03-12T10:46:19Z

Pertinent point avoid lack of any convictions of those involved

← Older revision		Revision as of 10:46, 12 March 2022
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	'''HSBC Holdings plc''' is a [[United Kingdom of Great Britain and Northern Ireland\|British]] [[Imperialism\|imperialist]] bank and holding company. It's the second largest bank in Europe, only falling behind the [[French Republic\|French]] [[BNP Paribas S.A.\|BNP Paribas]]. It employs 226,059 workers in 53 countries and territories as of 2020.<ref>{{Citation\|author=HSBC Holdings plc\|year=2020\|title=Annual report\|page=29\|quote=During 2020, we reduced the number of employees expressed in full-time equivalent staff (‘FTE’) and contractors by 11,011. This included a 9,292 reduction in FTE to '''226,059'''.\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref><ref>{{Citation\|title=Annual report\|quote=We support over 1.3 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets to large companies operating globally.\|author=HSBC Holdings plc\|year=2020\|page=32\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref>		'''HSBC Holdings plc''' is a [[United Kingdom of Great Britain and Northern Ireland\|British]] [[Imperialism\|imperialist]] bank and holding company. It's the second largest bank in Europe, only falling behind the [[French Republic\|French]] [[BNP Paribas S.A.\|BNP Paribas]]. It employs 226,059 workers in 53 countries and territories as of 2020.<ref>{{Citation\|author=HSBC Holdings plc\|year=2020\|title=Annual report\|page=29\|quote=During 2020, we reduced the number of employees expressed in full-time equivalent staff (‘FTE’) and contractors by 11,011. This included a 9,292 reduction in FTE to '''226,059'''.\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref><ref>{{Citation\|title=Annual report\|quote=We support over 1.3 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets to large companies operating globally.\|author=HSBC Holdings plc\|year=2020\|page=32\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref>

	Founded in 1865 as the '''Hongkong and Shanghai Banking Corporation''' ('''HSBC''') in the context of opium trafficking and its subsequent wars in [[Qing dynasty\|China]],<ref>{{Citation\|author=Gerald Tsai Jr.\|year=1949\|title=The economic development of Shanghai, 1842-1910\|quote=Several large commercial houses were organized to control the Shanghai trade, under the management of foreign merchants, mostly British. The several most well known and prominent commercial houses established with in this seventy years were the "'''Hongkong and Shanghai Banking Corporation'''", the "Shanghai Steam Navigation Company" the "Oriental Banking Corporation" and the "China Merchants Stearn Navigation Company." Among the various items of foreign trade, '''opium''' and cotton were the major items of imports which amounted to roughly 75% of total imports annually.\|pdf=https://open.bu.edu/bitstream/handle/2144/6329/Tsai_Gerald_1949_web.pdf?sequence=1&isAllowed=y\|title-url=https://open.bu.edu/handle/2144/6329}}</ref><ref>{{News citation\|journalist=Matt Taibbi\|date=2013-02-14\|title=Gangster bankers: too big to jail\|quote=Also known as the Hong Kong and Shanghai Banking Corporation, HSBC has always been associated with drugs. Founded in 1865, HSBC became the major commercial bank in colonial China after the conclusion of the Second Opium War.}}</ref> the bank is known for its money laundering practices in connection with international drug trafficking cartels in [[Latin America]] and financing international terrorist organizations.<ref>{{News citation\|date=2013-07-03\|title=HSBC's $1.9B money laundering settlement approved by judge\|url=https://www.cbc.ca/news/business/hsbc-s-1-9b-money-laundering-settlement-approved-by-judge-1.1377272\|newspaper=CBC News\|retrieved=2022-02-08}}</ref><ref>{{News citation\|date=2014-08-08\|title=HSBC targets account of Syrian refugees in the UK\|url=https://www.rt.com/uk/178900-hsbc-syrian-laundering-closed/\|newspaper=RT\|retrieved=2022-02-08\|quote=Despite cracking down on its customers with even the most flimsy connection to Islam, HSBC itself has been linked to terrorism financing, including Hezbollah and 9/11 and the laundering of billions of dollars by Latin American drug cartels.}}</ref> A 2012 US Senate report detailed how HSBC helped [[Mexican United States\|Mexican]] drug lords circumvent law enforcement to launder money.<ref>{{Citation\|author=Committee on Homeland Security and Governmental Affairs\|year=2012\|title=U.S. vulnerabilities to money laundering, drugs, and terrorist financing: HSBC case history\|pdf=https://www.hsgac.senate.gov/imo/media/doc/PSI%20REPORT-HSBC%20CASE%20HISTORY%20(9.6).pdf\|publisher=United States Senate}}</ref><ref>{{News citation\|date=2012-07-12\|title=HSBC exposed U.S. financial system to money laundering, drug, terrorist financing risks\|url=https://www.hsgac.senate.gov/subcommittees/investigations/media/hsbc-exposed-us-finacial-system-to-money-laundering-drug-terrorist-financing-risks\|newspaper=Homeland Security & Governmental Affairs\|retrieved=2022-02-09\|quote=Global banking giant HSBC and its U.S. affiliate exposed the U.S. financial system to a wide array of money laundering, drug trafficking, and terrorist financing risks due to poor anti-money laundering (AML) controls, a Senate Permanent Subcommittee on Investigations probe has found.}}</ref>		Founded in 1865 as the '''Hongkong and Shanghai Banking Corporation''' ('''HSBC''') in the context of opium trafficking and its subsequent wars in [[Qing dynasty\|China]],<ref>{{Citation\|author=Gerald Tsai Jr.\|year=1949\|title=The economic development of Shanghai, 1842-1910\|quote=Several large commercial houses were organized to control the Shanghai trade, under the management of foreign merchants, mostly British. The several most well known and prominent commercial houses established with in this seventy years were the "'''Hongkong and Shanghai Banking Corporation'''", the "Shanghai Steam Navigation Company" the "Oriental Banking Corporation" and the "China Merchants Stearn Navigation Company." Among the various items of foreign trade, '''opium''' and cotton were the major items of imports which amounted to roughly 75% of total imports annually.\|pdf=https://open.bu.edu/bitstream/handle/2144/6329/Tsai_Gerald_1949_web.pdf?sequence=1&isAllowed=y\|title-url=https://open.bu.edu/handle/2144/6329}}</ref><ref>{{News citation\|journalist=Matt Taibbi\|date=2013-02-14\|title=Gangster bankers: too big to jail\|quote=Also known as the Hong Kong and Shanghai Banking Corporation, HSBC has always been associated with drugs. Founded in 1865, HSBC became the major commercial bank in colonial China after the conclusion of the Second Opium War.}}</ref> the bank is known for its money laundering practices in connection with international drug trafficking cartels in [[Latin America]] and financing international terrorist organizations.<ref>{{News citation\|date=2013-07-03\|title=HSBC's $1.9B money laundering settlement approved by judge\|url=https://www.cbc.ca/news/business/hsbc-s-1-9b-money-laundering-settlement-approved-by-judge-1.1377272\|newspaper=CBC News\|retrieved=2022-02-08}}</ref><ref>{{News citation\|date=2014-08-08\|title=HSBC targets account of Syrian refugees in the UK\|url=https://www.rt.com/uk/178900-hsbc-syrian-laundering-closed/\|newspaper=RT\|retrieved=2022-02-08\|quote=Despite cracking down on its customers with even the most flimsy connection to Islam, HSBC itself has been linked to terrorism financing, including Hezbollah and 9/11 and the laundering of billions of dollars by Latin American drug cartels.}}</ref> A 2012 US Senate report detailed how HSBC helped [[Mexican United States\|Mexican]] drug lords circumvent law enforcement to launder money.<ref>{{Citation\|author=Committee on Homeland Security and Governmental Affairs\|year=2012\|title=U.S. vulnerabilities to money laundering, drugs, and terrorist financing: HSBC case history\|pdf=https://www.hsgac.senate.gov/imo/media/doc/PSI%20REPORT-HSBC%20CASE%20HISTORY%20(9.6).pdf\|publisher=United States Senate}}</ref><ref>{{News citation\|date=2012-07-12\|title=HSBC exposed U.S. financial system to money laundering, drug, terrorist financing risks\|url=https://www.hsgac.senate.gov/subcommittees/investigations/media/hsbc-exposed-us-finacial-system-to-money-laundering-drug-terrorist-financing-risks\|newspaper=Homeland Security & Governmental Affairs\|retrieved=2022-02-09\|quote=Global banking giant HSBC and its U.S. affiliate exposed the U.S. financial system to a wide array of money laundering, drug trafficking, and terrorist financing risks due to poor anti-money laundering (AML) controls, a Senate Permanent Subcommittee on Investigations probe has found.}}</ref> HSBC made a deal with the Department of Justice to pay $1.256 Billion USD to avoid any prosecutions of those involved in laundering money for drug cartels.<ref>{{News citation\|journalist=Department of Justice\|title=HSBC Holdings Plc. and HSBC Bank USA N.A. Admit to Anti-Money Laundering and Sanctions Violations, Forfeit $1.256 Billion in Deferred Prosecution Agreement\|url=https://www.justice.gov/opa/pr/hsbc-holdings-plc-and-hsbc-bank-usa-na-admit-anti-money-laundering-and-sanctions-violations}}</ref>

	== References ==		== References ==
	<references />		<references />

Forte: Added second source

2022-02-09T16:58:42Z

Added second source

← Older revision		Revision as of 16:58, 9 February 2022
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	'''HSBC Holdings plc''' is a [[United Kingdom of Great Britain and Northern Ireland\|British]] [[Imperialism\|imperialist]] bank and holding company. It's the second largest bank in Europe, only falling behind the [[French Republic\|French]] [[BNP Paribas S.A.\|BNP Paribas]]. It employs 226,059 workers in 53 countries and territories as of 2020.<ref>{{Citation\|author=HSBC Holdings plc\|year=2020\|title=Annual report\|page=29\|quote=During 2020, we reduced the number of employees expressed in full-time equivalent staff (‘FTE’) and contractors by 11,011. This included a 9,292 reduction in FTE to '''226,059'''.\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref><ref>{{Citation\|title=Annual report\|quote=We support over 1.3 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets to large companies operating globally.\|author=HSBC Holdings plc\|year=2020\|page=32\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref>		'''HSBC Holdings plc''' is a [[United Kingdom of Great Britain and Northern Ireland\|British]] [[Imperialism\|imperialist]] bank and holding company. It's the second largest bank in Europe, only falling behind the [[French Republic\|French]] [[BNP Paribas S.A.\|BNP Paribas]]. It employs 226,059 workers in 53 countries and territories as of 2020.<ref>{{Citation\|author=HSBC Holdings plc\|year=2020\|title=Annual report\|page=29\|quote=During 2020, we reduced the number of employees expressed in full-time equivalent staff (‘FTE’) and contractors by 11,011. This included a 9,292 reduction in FTE to '''226,059'''.\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref><ref>{{Citation\|title=Annual report\|quote=We support over 1.3 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets to large companies operating globally.\|author=HSBC Holdings plc\|year=2020\|page=32\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref>

	Founded in 1865 as the '''Hongkong and Shanghai Banking Corporation''' ('''HSBC''') in the context of opium trafficking and its subsequent wars in [[Qing dynasty\|China]],<ref>{{Citation\|author=Gerald Tsai Jr.\|year=1949\|title=The economic development of Shanghai, 1842-1910\|quote=Several large commercial houses were organized to control the Shanghai trade, under the management of foreign merchants, mostly British. The several most well known and prominent commercial houses established with in this seventy years were the "'''Hongkong and Shanghai Banking Corporation'''", the "Shanghai Steam Navigation Company" the "Oriental Banking Corporation" and the "China Merchants Stearn Navigation Company." Among the various items of foreign trade, '''opium''' and cotton were the major items of imports which amounted to roughly 75% of total imports annually.\|pdf=https://open.bu.edu/bitstream/handle/2144/6329/Tsai_Gerald_1949_web.pdf?sequence=1&isAllowed=y\|title-url=https://open.bu.edu/handle/2144/6329}}</ref><ref>{{News citation\|journalist=Matt Taibbi\|date=2013-02-14\|title=Gangster bankers: too big to jail\|quote=Also known as the Hong Kong and Shanghai Banking Corporation, HSBC has always been associated with drugs. Founded in 1865, HSBC became the major commercial bank in colonial China after the conclusion of the Second Opium War.}}</ref> the bank is known for its money laundering practices in connection with international drug trafficking cartels in [[Latin America]] and financing international terrorist organizations.<ref>{{News citation\|date=2013-07-03\|title=HSBC's $1.9B money laundering settlement approved by judge\|url=https://www.cbc.ca/news/business/hsbc-s-1-9b-money-laundering-settlement-approved-by-judge-1.1377272\|newspaper=CBC News\|retrieved=2022-02-08}}</ref><ref>{{News citation\|date=2014-08-08\|title=HSBC targets account of Syrian refugees in the UK\|url=https://www.rt.com/uk/178900-hsbc-syrian-laundering-closed/\|newspaper=RT\|retrieved=2022-02-08\|quote=Despite cracking down on its customers with even the most flimsy connection to Islam, HSBC itself has been linked to terrorism financing, including Hezbollah and 9/11 and the laundering of billions of dollars by Latin American drug cartels.}}</ref> A 2012 US Senate report detailed how HSBC helped Mexican drug lords circumvent law enforcement to launder money.<ref>{{Citation\|author=Committee on Homeland Security and Governmental Affairs\|year=2012\|title=U.S. vulnerabilities to money laundering, drugs, and terrorist financing: HSBC case history\|pdf=https://www.hsgac.senate.gov/imo/media/doc/PSI%20REPORT-HSBC%20CASE%20HISTORY%20(9.6).pdf\|publisher=United States Senate}}</ref>		Founded in 1865 as the '''Hongkong and Shanghai Banking Corporation''' ('''HSBC''') in the context of opium trafficking and its subsequent wars in [[Qing dynasty\|China]],<ref>{{Citation\|author=Gerald Tsai Jr.\|year=1949\|title=The economic development of Shanghai, 1842-1910\|quote=Several large commercial houses were organized to control the Shanghai trade, under the management of foreign merchants, mostly British. The several most well known and prominent commercial houses established with in this seventy years were the "'''Hongkong and Shanghai Banking Corporation'''", the "Shanghai Steam Navigation Company" the "Oriental Banking Corporation" and the "China Merchants Stearn Navigation Company." Among the various items of foreign trade, '''opium''' and cotton were the major items of imports which amounted to roughly 75% of total imports annually.\|pdf=https://open.bu.edu/bitstream/handle/2144/6329/Tsai_Gerald_1949_web.pdf?sequence=1&isAllowed=y\|title-url=https://open.bu.edu/handle/2144/6329}}</ref><ref>{{News citation\|journalist=Matt Taibbi\|date=2013-02-14\|title=Gangster bankers: too big to jail\|quote=Also known as the Hong Kong and Shanghai Banking Corporation, HSBC has always been associated with drugs. Founded in 1865, HSBC became the major commercial bank in colonial China after the conclusion of the Second Opium War.}}</ref> the bank is known for its money laundering practices in connection with international drug trafficking cartels in [[Latin America]] and financing international terrorist organizations.<ref>{{News citation\|date=2013-07-03\|title=HSBC's $1.9B money laundering settlement approved by judge\|url=https://www.cbc.ca/news/business/hsbc-s-1-9b-money-laundering-settlement-approved-by-judge-1.1377272\|newspaper=CBC News\|retrieved=2022-02-08}}</ref><ref>{{News citation\|date=2014-08-08\|title=HSBC targets account of Syrian refugees in the UK\|url=https://www.rt.com/uk/178900-hsbc-syrian-laundering-closed/\|newspaper=RT\|retrieved=2022-02-08\|quote=Despite cracking down on its customers with even the most flimsy connection to Islam, HSBC itself has been linked to terrorism financing, including Hezbollah and 9/11 and the laundering of billions of dollars by Latin American drug cartels.}}</ref> A 2012 US Senate report detailed how HSBC helped [[Mexican United States\|Mexican]] drug lords circumvent law enforcement to launder money.<ref>{{Citation\|author=Committee on Homeland Security and Governmental Affairs\|year=2012\|title=U.S. vulnerabilities to money laundering, drugs, and terrorist financing: HSBC case history\|pdf=https://www.hsgac.senate.gov/imo/media/doc/PSI%20REPORT-HSBC%20CASE%20HISTORY%20(9.6).pdf\|publisher=United States Senate}}</ref><ref>{{News citation\|date=2012-07-12\|title=HSBC exposed U.S. financial system to money laundering, drug, terrorist financing risks\|url=https://www.hsgac.senate.gov/subcommittees/investigations/media/hsbc-exposed-us-finacial-system-to-money-laundering-drug-terrorist-financing-risks\|newspaper=Homeland Security & Governmental Affairs\|retrieved=2022-02-09\|quote=Global banking giant HSBC and its U.S. affiliate exposed the U.S. financial system to a wide array of money laundering, drug trafficking, and terrorist financing risks due to poor anti-money laundering (AML) controls, a Senate Permanent Subcommittee on Investigations probe has found.}}</ref>

	== References ==		== References ==
	<references />		<references />

Forte: Improved a bit

2022-02-08T21:14:09Z

Improved a bit

← Older revision		Revision as of 21:14, 8 February 2022
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	'''HSBC Holdings plc''' is a [[United Kingdom of Great Britain and Northern Ireland\|British]] [[Imperialism\|imperialist]] bank and holding company. It's the second largest bank in Europe, only falling behind the [[French Republic\|French]] [[BNP Paribas S.A.\|BNP Paribas]]. It employs 226,059 workers in 53 countries and territories as of 2020.<ref>{{Citation\|author=HSBC Holdings plc\|year=2020\|title=Annual report\|page=29\|quote=During 2020, we reduced the number of employees expressed in full-time equivalent staff (‘FTE’) and contractors by 11,011. This included a 9,292 reduction in FTE to '''226,059'''.\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref><ref>{{Citation\|title=Annual report\|quote=We support over 1.3 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets to large companies operating globally.\|author=HSBC Holdings plc\|year=2020\|page=32\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref>		'''HSBC Holdings plc''' is a [[United Kingdom of Great Britain and Northern Ireland\|British]] [[Imperialism\|imperialist]] bank and holding company. It's the second largest bank in Europe, only falling behind the [[French Republic\|French]] [[BNP Paribas S.A.\|BNP Paribas]]. It employs 226,059 workers in 53 countries and territories as of 2020.<ref>{{Citation\|author=HSBC Holdings plc\|year=2020\|title=Annual report\|page=29\|quote=During 2020, we reduced the number of employees expressed in full-time equivalent staff (‘FTE’) and contractors by 11,011. This included a 9,292 reduction in FTE to '''226,059'''.\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref><ref>{{Citation\|title=Annual report\|quote=We support over 1.3 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets to large companies operating globally.\|author=HSBC Holdings plc\|year=2020\|page=32\|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref>

	Founded in the context of opium trafficking in [[Qing dynasty\|China]],<ref>{{Citation\|author=Gerald Tsai Jr.\|year=1949\|title=The economic development of Shanghai, 1842-1910\|quote=Several large commercial houses were organized to control the Shanghai trade, under the management of foreign merchants, mostly British. The several most well known and prominent commercial houses established with in this seventy years were the "'''Hongkong and Shanghai Banking Corporation'''", the "Shanghai Steam Navigation Company" the "Oriental Banking Corporation" and the "China Merchants Stearn Navigation Company." Among the various items of foreign trade, '''opium''' and cotton were the major items of imports which amounted to roughly 75% of total imports annually.\|pdf=https://open.bu.edu/bitstream/handle/2144/6329/Tsai_Gerald_1949_web.pdf?sequence=1&isAllowed=y\|title-url=https://open.bu.edu/handle/2144/6329}}</ref> the bank is known for its money laundering practices in connection with international drug trafficking cartels.<ref>{{News citation\|date=2013-07-03\|title=HSBC's $1.9B money laundering settlement approved by judge\|url=https://www.cbc.ca/news/business/hsbc-s-1-9b-money-laundering-settlement-approved-by-judge-1.1377272\|newspaper=CBC News\|retrieved=2022-02-08}}</ref>		Founded in 1865 as the '''Hongkong and Shanghai Banking Corporation''' ('''HSBC''') in the context of opium trafficking and its subsequent wars in [[Qing dynasty\|China]],<ref>{{Citation\|author=Gerald Tsai Jr.\|year=1949\|title=The economic development of Shanghai, 1842-1910\|quote=Several large commercial houses were organized to control the Shanghai trade, under the management of foreign merchants, mostly British. The several most well known and prominent commercial houses established with in this seventy years were the "'''Hongkong and Shanghai Banking Corporation'''", the "Shanghai Steam Navigation Company" the "Oriental Banking Corporation" and the "China Merchants Stearn Navigation Company." Among the various items of foreign trade, '''opium''' and cotton were the major items of imports which amounted to roughly 75% of total imports annually.\|pdf=https://open.bu.edu/bitstream/handle/2144/6329/Tsai_Gerald_1949_web.pdf?sequence=1&isAllowed=y\|title-url=https://open.bu.edu/handle/2144/6329}}</ref><ref>{{News citation\|journalist=Matt Taibbi\|date=2013-02-14\|title=Gangster bankers: too big to jail\|quote=Also known as the Hong Kong and Shanghai Banking Corporation, HSBC has always been associated with drugs. Founded in 1865, HSBC became the major commercial bank in colonial China after the conclusion of the Second Opium War.}}</ref> the bank is known for its money laundering practices in connection with international drug trafficking cartels in [[Latin America]] and financing international terrorist organizations.<ref>{{News citation\|date=2013-07-03\|title=HSBC's $1.9B money laundering settlement approved by judge\|url=https://www.cbc.ca/news/business/hsbc-s-1-9b-money-laundering-settlement-approved-by-judge-1.1377272\|newspaper=CBC News\|retrieved=2022-02-08}}</ref><ref>{{News citation\|date=2014-08-08\|title=HSBC targets account of Syrian refugees in the UK\|url=https://www.rt.com/uk/178900-hsbc-syrian-laundering-closed/\|newspaper=RT\|retrieved=2022-02-08\|quote=Despite cracking down on its customers with even the most flimsy connection to Islam, HSBC itself has been linked to terrorism financing, including Hezbollah and 9/11 and the laundering of billions of dollars by Latin American drug cartels.}}</ref> A 2012 US Senate report detailed how HSBC helped Mexican drug lords circumvent law enforcement to launder money.<ref>{{Citation\|author=Committee on Homeland Security and Governmental Affairs\|year=2012\|title=U.S. vulnerabilities to money laundering, drugs, and terrorist financing: HSBC case history\|pdf=https://www.hsgac.senate.gov/imo/media/doc/PSI%20REPORT-HSBC%20CASE%20HISTORY%20(9.6).pdf\|publisher=United States Senate}}</ref>

	== References ==		== References ==
	<references />		<references />

Forte: Created stub for HSBC bank

2022-02-08T16:42:05Z

Created stub for HSBC bank

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'''HSBC Holdings plc''' is a [[United Kingdom of Great Britain and Northern Ireland|British]] [[Imperialism|imperialist]] bank and holding company. It's the second largest bank in Europe, only falling behind the [[French Republic|French]] [[BNP Paribas S.A.|BNP Paribas]]. It employs 226,059 workers in 53 countries and territories as of 2020.<ref>{{Citation|author=HSBC Holdings plc|year=2020|title=Annual report|page=29|quote=During 2020, we reduced the number of employees expressed in full-time equivalent staff (‘FTE’) and contractors by 11,011. This included a 9,292 reduction in FTE to '''226,059'''.|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref><ref>{{Citation|title=Annual report|quote=We support over 1.3 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets to large companies operating globally.|author=HSBC Holdings plc|year=2020|page=32|pdf=https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2020/annual/pdfs/hsbc-holdings-plc/210223-annual-report-and-accounts-2020.pdf}}</ref>

Founded in the context of opium trafficking in [[Qing dynasty|China]],<ref>{{Citation|author=Gerald Tsai Jr.|year=1949|title=The economic development of Shanghai, 1842-1910|quote=Several large commercial houses were organized to control the Shanghai trade, under the management of foreign merchants, mostly British. The several most well known and prominent commercial houses established with in this seventy years were the "'''Hongkong and Shanghai Banking Corporation'''", the "Shanghai Steam Navigation Company" the "Oriental Banking Corporation" and the "China Merchants Stearn Navigation Company." Among the various items of foreign trade, '''opium''' and cotton were the major items of imports which amounted to roughly 75% of total imports annually.|pdf=https://open.bu.edu/bitstream/handle/2144/6329/Tsai_Gerald_1949_web.pdf?sequence=1&isAllowed=y|title-url=https://open.bu.edu/handle/2144/6329}}</ref> the bank is known for its money laundering practices in connection with international drug trafficking cartels.<ref>{{News citation|date=2013-07-03|title=HSBC's $1.9B money laundering settlement approved by judge|url=https://www.cbc.ca/news/business/hsbc-s-1-9b-money-laundering-settlement-approved-by-judge-1.1377272|newspaper=CBC News|retrieved=2022-02-08}}</ref>

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