A Background of HSBC UK

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1. Background of HSBC UK HSBC bank was formed in March 1865 in Hong Kong, HSBC serve about 54 million customer all over 75 countries and regions (HSBC 2014 (A)). HSBC has served their customer mainly in four regions, which are Asia-Pacific, Europe, Middle East and Americas (HSBC 2013 (A)). The inspiration of founding the bank was Thomas Sutherland, who working for Peninsular and Oriental Steam Navigation Company. He helped to establish the bank to open in Hong Kong and Shanghai. In 1888, HSBC was the first bank established in Thailand and it printed the country’s first banknotes (HSBC. 2014 (B)). At the very beginning, HSBC now in UK isn’t HSBC in the past. It was Midland Bank plc in the past. Let talk about how Midland Bank transform to today’s HSBC Bank. In 22 August 1836, Charles Geach founded Midland Bank in Birmingham. In 1851, Midland Bank bought “Stourbridge Old Bank” and it became the Birmingham and Midland Bank’s first branch (HSBC 2013 (B)). In 1889, HSBC’s representation stems back to British Bank of the Middle East and it was established in London. The founder was Baron Julius de Reuter. Today, HSBC is also one of the financial services organization and leading bank (HSBC 2013 (A)). In 1898, Midland bank acquired City Bank Limited. Then became one of the four largest banks in United Kingdom. And so the headquarter transferred to Threadneedle Street (HSBC 2013 (B)). In 1992, Midland Bank plc was officially became part of the HSBC Group. Midland Bank plc was one of the biggest banking consolidated by the time. After this, in 1999, Midland Bank plc was renamed HSBC Bank in September. Until today HSBC is a well known Bank in whole world. It is also consistently ranked amongst the top global brands across the world (HSBC 2013 (B)). In 2000, HSBC launched Internet banking as well. They allowed customer to check balance, transfer, make payment and view transactions online. HSBC developed a new headquarter in London in 2002, which consist of 42 floors. The new headquarter in London was build follow by the Chinese traditional style, such as the two lions statues in front of the entrance. In 2003, HSBC became the first UK High Street lender who offering home buying that implement with Sharia law (HSBC 2013 (B)). By the late 1970s, HSBC management team had come out with the strategy of “three-legged stool”. These three leg tools represented the three main markets, which are Asia- Pacific, USA, and UK. In 1980s HSBC bought Marine Midland Bank in USA that can be considered as the acquisition of the second tools. The primary target is to acquire the Royal Bank of Scotland, but its failed. Therefore, The HSBC changed the target to Midland Bank in 1987. (HSBC 2014 (B)) In 21st century, HSBC has re-focus on its origin. HSBC grow its business in China with the partnership. HSBC stand still in recent global turbulence in economies and market (HSBC. 2014 (B)). 2. Banking Activities of HSBC First of all,

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