Market Report, "HSBC Holdings Plc in Consumer Finance (World)", published
HSBC is one of the largest financial institutions in the world with comprehensive retail and commercial banking services in every region. Originally established as a bank to facilitate commerce between the UK and China, the bank has been well positioned to benefit from the rapidly expanding Chinese economy. During the financial crisis the bank was able to avoid taking government funds to remain solvent but still required extensive cost-cutting measures in addition to divestments.
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