In July 2023 HSBC Continental Europe completed the sale of its branch operations in Greece (including WPB). On 1 January 2024 HSBC Continental Europe completed the sale of its retail banking operations in France. HSBC Continental Europe offers a range of insurance products through its ...
The Board acknowledged that the transformation plans would enable a greater proportion of the bank's investment spend and running costs to be focused on enhancing the service that the bank was able to offer to its wider customer base. The proposal to accelerate the branch closures was supported,...
This will require infrastructure up and down the natural gas value chain: domestic production, import receiving (piped 344、 (PNG) and liquified (LNG), storage and trunk, branch and city pipeline distribution. We see some of this spending in the China majors capex, but some will be done ...
We plan to reduce our US branch network by around 30% and embark on a programme to consolidate middle and back office activities and streamline functions to simplify our US business and lower costs. Our plans for Europe and the US involve significant changes, including capital reduct...
Source: McKinsey "Global Cities of the Future" 51 Mainland China: HSBC in Mainland China HSBC – the leading foreign bank in China Largest foreign bank network: 227 outlets in 57 cities, 23 provinces / municipalities1 38% 14% Branch distribution1 Bohai Rim Yangtze R...
HSBC France merged two subsidiaries (HSBC Institutional Trust Services (Ireland) DAC and HSBC Bank Polska S.A) into its branches in Ireland and Poland respectively (HSBC France – Ireland branch and HSBC France – Poland branch); • On 9 May 2019, HSBC France created a branch in Sweden, ...
In November 2022, HSBC Continental Europe, through its German branch, completed the acquisition of HSBC Trinkaus & Burkhardt GmbH ('HSBC Germany'). The HSBC Continental Europe German branch will serve the EU's largest economy and one of the leading export nations globally, mirroring ...