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  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Meltdown wrote: »
    Hmmm ...
    And do you know that 'the First Bank of Nigeria' was started as a UK company to transact business in 'British West Africa'. Called the 'Bank for British West Africa' in those days, it was started in 1894, with head office in Liverpool, by Sir Alfred Jones (a shipping magnate).

    I din't know that actually. Thanks for the information
    Yes, HSBC Bank plc is registered as a UK company.
    And the parent company, HSBC Holdings currently has its HQ in London ...
    But 'The Hongkong and Shanghai Banking Corporation Ltd.' is incorporated in Hong Kong, and HSBC Holdings' many subsidiaries are usually registered locally.

    True enough.
    And whether you regard it as the 'World's Local Bank' or the 'World's Largest Bank' (Forbes) it is surely, first and foremost, an international company.

    I'll accept that, I reckon. While referring to the Group rather than the Bank anyway.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • Meltdown_2
    Meltdown_2 Posts: 471 Forumite
    100 Posts
    Yes, HSBC on its own is ambiguous. But you are no doubt right to assume it means the UK bank, at least as far as normal discussion in this forum is concerned.
    Imprudent granting of credit is bound to prove just as ruinous to a bank as to any other merchant.
    (Ludwig von Mises)

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