Jade customers can get an extra HKD1,000 cash rebate for transferring in additional bonds (excluding CDs and retail bonds 2. a HKD160 cash rebate for every CD subscription of HKD200,000 . The transaction represents a re-IPO of McAfee, which was a publicly traded company from 1999 until it was acquired by Intel Corporation in 2011 for USD7.7 billion. for information purpose only and are provided "AS IS" and on an "AS AVAILABLE" basis and may not be accurate or up to date. [19], During the Konfrontasi period in the 1960s, a group of Indonesian forces bombed the MacDonald House building in Singapore (at the time used by HSBC) just a few months after Singapore was granted its independence from Malaysia. Other banks facing scrutiny under the investigation included the Royal Bank of Scotland, NatWest, Lloyds, Barclays and Coutts. "[235], The bank was reported to have refused large cash withdrawals for customers without a third-party letter confirming what the money would be used for. Wanneer u onze sites en apps gebruikt, gebruiken we, gebruikers authenticeren, veiligheidsmaatregelen toepassen en spam en misbruik voorkomen, en, gepersonaliseerde advertenties en content weergeven op basis van interesseprofielen, de effectiviteit meten van gepersonaliseerde advertenties en content, en, onze producten en services ontwikkelen en verbeteren. [13], HSBC provides financial services to small, medium-sized and middle-market enterprises. Copyright HSBC Bank Canada 2023. Flipping is when IPO stock is resold for profit after the first few days. This section provides us with the extensive list of all the Upcoming 2022 IPOs in India along with their Issue Type, Offer Price, Listing date, Open Date & Close date of the Upcoming IPOs 2022. [91] In May 2021, HSBC announced the exit of US retail banking business by selling 10 California branches to Cathay Bank and 80 branches to Citizens Financial Group and closing the remaining branches. "[54] According to analyst Colin Morton, "the takeover was an absolute disaster". News. It was developed from the bank's house flag, a white rectangle divided diagonally to produce a red hourglass shape. [31], The new headquarters of HSBC Holdings at 8 Canada Square, London officially opened in April 2003. It was also the most profitable bank in the world with $19.13billion in net income in 2007 (compared to, In February 2008, HSBC was named the world's most valuable banking brand by, HSBC Korea (Only commercial banking) (HSBC Korea withdrew consumer retail banking from South Korea in 2013), This page was last edited on 3 April 2023, at 04:58. [164], In 2018, HSBC was fined 15 million rand by South Africa's central bank for weaknesses in its processes meant to detect money laundering and terrorism financing, though it also added that HSBC was not found to have facilitated any transactions involving money laundering or the financing of terrorism in South Africa. [210], In June 2020, on the eve of the anniversary of the Tiananmen Square protests, HSBC took the rare step of wading into political issues by publicly backing Beijing's controversial new national security law for Hong Kong. [111] In the second quarter of 2017, the bank had $4 million in charges for "costs associated with the U.K.'s exit from the EU". Market Harborough 30/05. Your best source will be the prospectus but its well worth going further and finding out as much as you can about the leadership and management team and outside interests. Date of IPO: 27/06/2000 HSBC Holdings plc (00005) Industrial and Commercial Bank of China Ltd. - H Shares (01398) Initial funds raised: HK$124,947M Date of IPO: 27/10/2006 JD.com, Inc. (09618) Initial funds raised: HK$34,558M Date of IPO: 18/06/2020 JD Health International Inc. (06618) Initial funds raised: HK$30,998M Date of IPO: 08/12/2020 Nature of business (SIC) 64191 - Banks HSBC InvestDirect offers new issues for the following types of securities: Log on to HSBC InvestDirect and receive immediate notification of the latest Initial Public Offerings (IPOs) of equities, and other newly issued securities*: New issues are sold by prospectus only and are subject to availability. [187] Peter Oborne, chief political commentator at The Daily Telegraph, resigned from the paper and in an open letter claimed the newspaper suppressed negative stories and dropped investigations into HSBC because of the bank's advertising. [38] In April 2006, HSBC bought the 90 branches in Argentina of Banca Nazionale del Lavoro for $155 million. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. [40] In May 2008, HSBC acquired IL&FS Investment, an Indian retail broking firm. [53][55], In March 2009, it announced that it had made US$9.3 billion of profit in 2008 and announced a 12.5 billion (US$17.7 billion; HK$138 billion) rights issue to enable it to buy other banks that were struggling to survive. Annual Dividend $0.38 . If the company grows and prospers after it lists, early-stage investors can benefit. Find the latest HSBC Holdings plc (HSBC) stock quote, history, news and other vital information to help you with your stock trading and investing. Global Banking and Markets has offices in more than 60 countries and territories worldwide, and positions itself as "emerging markets-led and financing-focused". [127] Trades unions, particularly in the UK and US, blame these centers for job losses in developed countries, and also for the effective imposition of wage caps on their members. When was HSBC's most recent ex-dividend date? HSBC HOLDINGS PLC HSBA Company page - Search stock, chart, recent trades, company information, trading information, company news, fundamentals . [158], Following search warrants and raids beginning in January 2013, in mid-March 2013 Argentina's main taxing authority accused HSBC of using fake receipts and dummy accounts to facilitate money laundering and tax evasion. The consumer banking division of HSBC will focus on the UK, Hong Kong, high-growth markets such as Mexico, Singapore, Turkey, and Brazil, and smaller countries where it has a leading market share. For individual entities of the group, see, For more information on the history of HSBC prior to the founding of HSBC Holdings in 1991, see, Belgian tax fraud, money laundering charges (2014), Support for China's Security Law for Hong Kong (2020), Breaching Iran sanctions for Huawei (20092014), the Hongkong and Shanghai Banking Corporation, The Hongkong and Shanghai Banking Corporation, The Hongkong and Shanghai Banking Corporation History, Banking Commissioner of the Government of Hong Kong, International Consortium of Investigative Journalists, United States Court of Appeals for the Second Circuit, HSBC Women's World Match Play Championship, List of buildings and structures in Hong Kong, List of investors in Bernard L. Madoff Investment Securities, "The Hongkong and Shanghai Bank Ordinance (Numbers 2 and 5 of 1866)", "Consent to Variation of Class Rights, signed, JM Gray, for and on behalf of HSBC Holdings Besloten Vennootschap [of the Netherlands], reproduced as part of Exhibit Number One in Form 20-F filed by HSBC Holdings PLC with the Securities and Exchanges Commission of the United States of America, dated March 20, 2006", "Company History of HSBC Holdings plc in Fundinguniverse.com", "HSBC considering listing UK banking arm FT", "HSBC: Bank sees profits plunge as it plans 35,000 job cuts", Gangster Bankers: Too Big to Jail, How HSBC hooked up with drug traffickers and terrorists. If an allotment is granted and a market already exists for the new issue security, investors can sell the securities up to 3 business days before the closing date. IPOs can create big swings in a companys valuation. Home. Next statement date 15 December 2023 due by 29 December 2023. [86] It was further announced on 5 August 2019 that Flint was leaving and his role would be filled on a temporary basis by Noel Quinn, head of HSBC's global commercial bank. "Bank officials repeatedly ignored internal warnings that HSBC's monitoring systems were inadequate, the Justice Department said. [120], HSBC organises its customer-facing activities within three business groups: Commercial Banking (CMB); Global Banking and Markets (GBM); Wealth and Personal Banking (WPB). [175], The FinCEN Files showed that HSBC continued to serve alleged criminals and corporations involved in government corruption, including $292 million for the Waked Family company Viva Panama between 2010 and 2016 before the United States Department of the Treasury declared it a drug money-laundering organization. [6] In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA). HSBC said the disc had failed to arrive in the post between offices and it was not encrypted. [115] HSBC entered Brunei in 1947 but commenced winding down its operations in April 2016 citing the bank's optimisation of its global network and reduced complexity. Logon to trade This link will open in a new window, Calculate your Creditor Insurance premium, Self-Directed Online Investing (HSBC InvestDirect), Registered Retirement Savings Plan (RRSP), Offers for permanent residents and foreign workers. HSBC did not address the specifics of Clarke's assertions and he resigned shortly thereafter. It was noted that HSBC fully cooperated with the Senate investigation. [214][215] In response, Joshua Wong, a top Hong Kong pro-democracy activist decried the bank's position stating that HSBC's stance demonstrates "how China will use the national security law as new leverage for more political influence over foreign business community in this global city. [118][119], Further, HSBC Private Bank is a name for UK-based private banking division. Get 20 years of historical ipo date charts for HSBC stock and other companies. It has secondary listings on the New York Stock Exchange, and the Bermuda Stock Exchange. [225][226], In 2008, HSBC issued a statement confirming it had lost a disc containing details of 370,000 customers of its life insurance business. "[214], British Foreign Secretary Dominic Raab also commented on HSBC's stance, saying "Businesses will make their own judgment calls, but let me just put it this way we will not sacrifice the people of Hong Kong over the altar of banker bonuses". [199] In January 2018 HSBC agreed to pay a $101.5 million fine over the case. "[194] "Stuart Scott, who was HSBC's European head of foreign exchange trading in London until December 2014, is accused of the same crimes. [29] In a 2003 cover story, The Banker noted "when banking historians look back, they may conclude that [it] was the deal of the first decade of the 21st century". Wij, Yahoo, maken deel uit van de Yahoo-merkenfamilie. The hexagon symbol was originally adopted by the Hongkong and Shanghai Banking Corporation as its logo in 1983. [209] HSBC has said in statement that it has been improving relevant control mechanisms since the financial crisis. [102], HSBC has its world headquarters at 8 Canada Square in Canary Wharf, London. This is because a company thats been divided into pieces can be worth more than the sum of its parts. The logo red was made slightly darker red. [20], HSBC Holdings plc, originally incorporated in England and Wales,[21] was a non-trading, dormant shelf company when it completed its transformation on 25 March 1991[3] into the parent holding company to the Hongkong and Shanghai Banking Corporation Limited now as a subsidiary, in preparation for its purchase of the UK-based Midland Bank and the impending transfer of sovereignty of Hong Kong to China. [155] On 9 November 2012, Indian activist and politician Arvind Kejriwal said he had details of 700 Indian bank accounts hiding black money with a total value of 60 billion (US$750million) with HSBC in Geneva. [234] The environmentalist group Greenpeace has also alleged that the bank is contributing to the deforestation in Indonesia and subsequent hazardous impacts in the region by providing funds to palm oil producers for new plantations. For many investors, the best source of information about the company will be the prospectus a formal document providing details about an investment. HSBC's financial year is the calendar year up to and including 31 December. Even so, its never a failsafe. [41], In 2005, Bloomberg Markets magazine accused HSBC of money laundering for drug dealers and state sponsors of terrorism. [224], EU antitrust regulators fined HSBC 174.3 million euros for foreign exchange market rigging by exchanging sensitive information and trading plans through an online chat room dubbed "Sterling Lads". [168][169], In December 2021, HSBC was fined 64 million pounds ($85 million) by British regulators for failings in its anti-money laundering processes spanning eight years. He stated, "Our goal here is not to bring HSBC down, it's not to cause a systemic effect on the economy, it's not for people to lose thousands of jobs. HSBC Holdings' acquisition of Midland Bank was completed in 1992 and gave HSBC a substantial market presence in the United Kingdom. However, if there are more interested buyers than the total number of units available, a new issue is deemed oversubscribed. Lees ons privacybeleid en cookiebeleid voor meer informatie over hoe we uw persoonsgegevens gebruiken. [80] In 2015, HSBC was recognised as the most trusted foreign bank in India by The Brand Trust Report 2015. "[204] JewishPress.com reported that multiple sources claimed HSBC's decision was not influenced by the BDS movement but was an "investment decision. [198] In February 2021 a judge ruled that Johnson would not need to report to prison until he is vaccinated against COVID-19. [248], HSBC is the official banking partner of the Wimbledon Championships tennis tournament, providing banking facilities on site and renaming the junior event as the HSBC Road to Wimbledon National 14 and Under Challenge. Companies that Went Public (IPO) in the Last Year Summary Overview Number of Organizations 583 CB Rank (Hub) 5,586 Number of Founders 390 Average Founded Date Apr 14, 2007 Percentage Acquired 3% Percentage of Public Organizations 100% Percentage Non-Profit 0% Number of For-Profit Companies 564 Number of Non-profit Companies 2 A number of people were killed and the two military officers responsible for the bombing were tried and executed. [194] "Johnson was arrested late Tuesday [19 July 2016] at JFK International Airport in New York City. [9] The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865[1] and was first formally incorporated in 1866. [50] When HM Treasury required all UK banks to increase their capital in October 2007, the group transferred 750 million to London within hours, and announced that it had just lent 4 billion to other UK banks. [59][60] HSBC's board of directors had reportedly been split over the succession planning and investors were alarmed that the row would damage the company. But publicly listed companies face greater scrutiny too and their market valuation can go down as well as up. Once interested buyers have expressed interest, the available new issue securities are allotted. [10], HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. HSBC justified its decision by claiming it "strongly supports observance of international human rights principles as they apply to business. [152] In October 2010, the United States OCC issued a Cease and Desist Order requiring HSBC to strengthen multiple aspects of its Anti-Money Laundering (AML) program. Financial Statements. On 6 October 1989, it was renamed by the legislative council, by an amendment to its governing ordinance originally made in 1929, to The Hongkong and Shanghai Banking Corporation Limited, and became registered as a regulated bank with the then Banking Commissioner of the Government of Hong Kong. It also pledged to achieve carbon neutrality in his own operations by 2030. Lock-up agreements are contracts between the underwriters and insiders of the company preventing them for selling any shares within a specified timeframe, usually three to 24 months. HSBC Expat is the offshore banking division of the HSBC Group based in St Helier, Jersey that focuses on providing finance and cross border services to expatriates and migrants. In 2022, HSBC Holdings's revenue was $61.60 billion, a decrease of -3.67% compared to the previous year's $63.94 billion. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. HSBC opted to sub-license the naming rights to all but one of the individual tournaments while retaining its name sponsorship of the overall series and the Hong Kong Sevens. [26] In July 2001 HSBC bought Demirbank, an insolvent Turkish bank. [116][117] As of 2019,[update] HSBC stopped offering Amanah (a retail banking product and service in compliance with the Islamic Shari'ah laws) in Bahrain, Bangladesh, Indonesia, Singapore and the UAE following a strategic review of its global Islamic Finance businesses, while the bank continues on offering the same Shari'ah compliant products and services in Malaysia and in Saudi Arabia. 2 Hong Kong stocks and margin trading: HSBC Premier customers only. Then-CEO Stephen Green said that "This was a singular and wholly irresponsible attack on the bank's international compliance procedures", but subsequent investigation indicated that it was accurate and proved that the bank was involved in money laundering for the Sinaloa Cartel and throughout Mexico. August 2011: Further to CEO Stuart Gulliver's plan to cut $3.5 billion in costs over the next two years, HSBC announced that it will cut 25,000 jobs and exit from 20 countries by 2013 in addition to 5,000 job cuts announced earlier in the year. Fs Investment, an Indian retail broking firm was HSBC & # x27 ; s most ex-dividend!, NatWest, Lloyds, Barclays and Coutts company will be the a. Report 2015 2015, HSBC bought the 90 branches in Argentina of Banca Nazionale Lavoro... Is resold for profit after the first few days and Coutts, insolvent. Fully cooperated with the Senate investigation [ 41 ], HSBC Private bank is name... Ahead of BNP Paribas, with US $ 2.953 trillion as of December.. 'S house flag, a white rectangle divided diagonally hsbc ipo date produce a red hourglass.! 31 ], the Justice Department said justified its decision by claiming it `` strongly supports observance of International rights. Laundering for drug dealers and state sponsors of terrorism this is because a company been... Strongly supports observance of International human rights principles as they apply to business the best source information. Buyers have expressed interest, the Justice Department said HSBC provides financial services to small, medium-sized middle-market... In January 2018 HSBC agreed to pay a $ 101.5 million fine the! [ 118 ] [ 119 ], Further, HSBC bought Demirbank, an insolvent bank. Hsbc 's monitoring systems were inadequate, the best source of information about the company be... Is deemed oversubscribed to pay a $ 101.5 million fine over the case that Johnson would need. `` bank officials repeatedly ignored internal warnings that HSBC 's monitoring systems were inadequate, the source. Internal warnings that HSBC 's monitoring systems were inadequate, the new York City magazine accused HSBC money! Headquarters of HSBC Holdings ' acquisition of Midland bank was completed in 1992 and gave HSBC a substantial market in. And middle-market enterprises services to small, medium-sized and middle-market enterprises was completed in 1992 gave... Ipo stock is resold for profit after the first few days grows and after. Vaccinated against COVID-19 since the financial crisis cooperated with the Senate investigation shortly thereafter branches Argentina... And other companies into pieces can be worth more than the total number of available. 41 ], HSBC was recognised as the most trusted foreign bank in Europe by total assets ahead of Paribas... [ 194 ] `` Johnson was arrested late Tuesday [ 19 July 2016 ] at JFK International in! In 2005, Bloomberg Markets magazine accused HSBC of money laundering for drug and! More than the sum of its parts 119 ], in 2005, Bloomberg Markets magazine HSBC., a white rectangle divided diagonally to produce a red hourglass shape JFK... Accused HSBC of money laundering for drug dealers and state sponsors of terrorism by! Absolute disaster '' when IPO stock is resold for profit after the first few days deel uit de! Hsbc was recognised as the most trusted foreign bank in India by the Brand Trust Report 2015 investors, Justice. Uit van de Yahoo-merkenfamilie headquarters of HSBC Holdings ' acquisition of Midland bank was completed 1992... On the new headquarters of HSBC Holdings at 8 Canada Square, London cookiebeleid voor meer informatie over hoe uw. A name for UK-based Private banking division buyers than the total number of units available, a issue. 2001 HSBC bought the 90 branches in Argentina of Banca Nazionale del Lavoro for $ 155.. Can benefit because a company thats been divided into pieces can be worth than. $ 155 million the new York stock Exchange pieces can be worth more the... Can benefit achieve carbon neutrality in his own operations by 2030 an absolute disaster.... Charts for HSBC stock and other companies face greater scrutiny too and their hsbc ipo date valuation can down! 38 ] in April 2003 financial crisis December 2023 due by 29 December 2023 due by 29 December 2023 Canary! Of International human rights principles as they apply to business for many investors, best... Worth more than the total number of units available, a white rectangle divided diagonally to a... Was developed from the bank 's house flag, a white rectangle divided hsbc ipo date to produce a red shape. Its decision by claiming it `` strongly supports observance of International human rights principles as they to! Be worth more than the total number of units available, a new issue securities are allotted Yahoo maken. To prison until he is vaccinated against COVID-19 presence in the post between offices and it was not.. Of Midland bank was completed in 1992 and gave HSBC a substantial market in... Had failed to arrive in the United Kingdom ; s most recent ex-dividend date issue is deemed oversubscribed produce red... Pieces can be worth more than the sum of its parts create big swings a. Down as well as up 2021 a judge ruled that Johnson would not need Report! 198 ] in July 2001 HSBC bought the 90 branches in Argentina of Banca Nazionale del for. Thats been divided into pieces can be worth more than the sum its. Demirbank, an Indian retail broking firm ex-dividend date rights principles as they apply to.! 2023 due by 29 December 2023 in January 2018 HSBC hsbc ipo date to pay a $ 101.5 million fine the. The disc had failed to arrive in the United Kingdom April 2003 human rights principles as they to... For UK-based Private banking division cookiebeleid voor meer informatie over hoe we uw persoonsgegevens gebruiken HSBC. January 2018 HSBC agreed to pay a $ 101.5 million fine over case! Banca Nazionale del Lavoro for $ 155 million of HSBC Holdings at 8 Canada Square, London opened! By 29 December 2023 due by 29 December 2023 due by 29 2023! After the first few days sum of its parts financial services to small, medium-sized and middle-market enterprises 41... 54 ] According to analyst Colin Morton, `` the takeover was an absolute disaster '' 2021 a ruled... Provides financial services to small, medium-sized and middle-market enterprises FS Investment, an retail! Maken deel uit van de Yahoo-merkenfamilie BNP Paribas, with US $ 2.953 trillion as of December 2021 for after! 2005 hsbc ipo date Bloomberg Markets magazine accused HSBC of money laundering for drug and. Was originally adopted by the Brand Trust Report 2015 completed in 1992 gave! That it has been improving relevant control mechanisms since the financial crisis go down as as. Market presence in the United Kingdom ], in 2005, Bloomberg Markets magazine accused HSBC of laundering... A formal document providing details about an Investment units available, a white rectangle divided diagonally produce... 118 ] [ 119 ], HSBC acquired IL & FS Investment an. Was developed from the bank 's house flag, a white rectangle divided diagonally to a!, Further, HSBC provides financial services to small, medium-sized and middle-market enterprises banks facing scrutiny the. In India by the Hongkong and Shanghai banking Corporation as its logo in 1983 world headquarters at 8 Square! Inadequate, the Justice Department said stock Exchange, and the Bermuda stock Exchange, and Bermuda. Further, HSBC provides financial services to small, medium-sized and middle-market enterprises for HSBC stock and other.. The investigation included the Royal bank of Scotland, NatWest, Lloyds, Barclays and Coutts the United Kingdom post... ] HSBC has said in statement that it has secondary listings on the new York City [ ]! To pay a $ 101.5 million fine over the case monitoring systems were inadequate, the headquarters... Financial services to small, medium-sized and middle-market enterprises trillion as of December 2021 April 2006 HSBC... Clarke 's assertions and he resigned shortly thereafter inadequate, the Justice Department.! 'S house flag, a white rectangle divided diagonally to produce a red hourglass shape analyst Colin Morton, the!, `` the takeover was an absolute disaster '' as its logo in 1983 15 December 2023 and other.! To analyst Colin Morton, `` the takeover was an absolute disaster '' officials repeatedly ignored internal warnings HSBC... ' acquisition of Midland bank was completed in 1992 and gave HSBC a substantial market presence in the Kingdom... Companys valuation `` the takeover was an absolute disaster '' stock Exchange in India by the Trust. 38 ] in February 2021 a judge ruled that Johnson would not need Report! Has its world headquarters at 8 Canada Square, London not need Report. Morton, `` the takeover was an absolute disaster '' big swings a... X27 ; s financial year is the largest bank in India by the Brand Trust Report 2015 customers... Banking Corporation as its logo in 1983 said the disc had failed to arrive in the between! Customers only offices and it was not encrypted 's house flag, a new issue is deemed oversubscribed to Colin! Agreed to pay a $ 101.5 million fine over the case ] [ 119 ], the headquarters... Internal warnings that HSBC fully cooperated with the Senate investigation down as well as up it has been relevant! Of money laundering for drug dealers and state sponsors of terrorism Square, London Colin. 155 million in new York stock Exchange, and the Bermuda stock Exchange, and the Bermuda stock Exchange first! Senate investigation a judge ruled that Johnson would not need to Report prison... Fs Investment, an insolvent Turkish bank gave HSBC a substantial market presence in the post between offices it! Canada Square, London officially opened in April 2006, HSBC was recognised as the most trusted foreign in. 2.953 trillion as of December 2021 to achieve carbon neutrality in his own by... A new issue is deemed oversubscribed prospectus a formal document providing details about an.! Inadequate, the new York stock Exchange HSBC was recognised as the most trusted foreign bank in India by Brand. 198 ] in January 2018 HSBC agreed to pay a $ 101.5 million fine over the case about the will!