HSBC Business Banking review explained by professional online banking experts, All you need to know about HSBC Business Banking accounts. For more information about HSBC Bank you can also visit HSBC reviews by ForexSQ.com online banking experts, The TopForexBrokers.com Internet banking professionals, or Fxstay.com banking investing company and get all information you need to know about the HSBC Business Banking.
HSBC Business Banking Review
HSBC provide a range of different business bank accounts that cover commercial operations of all shapes and sizes.
HSBC organises its customer-facing activities within four business groups: Commercial Banking; Global Banking and Markets (investment banking); Retail Banking and Wealth Management (RBWM); and Global Private Banking.
HSBC Commercial Banking
HSBC provides financial services to small, medium-sized and middle-market enterprises. The group has more than 2 million of such customers, including sole proprietors, partnerships, clubs and associations, incorporated businesses and publicly quoted companies.
HSBC Global Banking and Markets
Global Banking and Markets is the investment banking arm of HSBC. It provides investment banking and financing solutions for corporate and institutional clients, including corporate banking, investment banking, capital markets, trade services, payments and cash management, and leveraged acquisition finance. It provides services in equities, credit and rates, foreign exchange, money markets and securities services, in addition to asset management services. Global Banking and Markets has offices in more than 60 countries and territories worldwide, and describes itself as “emerging markets-led and financing-focused”. It is currently being led by former fixed-income trader Samir Assaf, who was promoted from global head of markets on 10 December 2010.
HSBC Global Private Banking
HSBC Private Bank is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group worldwide. HSBC Private Bank, together with the private banking activities of HSBC Trinkaus, known collectively as Group Private Banking, provides services to high-net-worth individuals and their families through 93 locations in some 42 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. According to the Scorpio Partnership Global Private Banking Benchmark 2014, the bank had 382 USD Bn of assets under management (AuM) a decrease of 4% on the 2013 figure.
In September 2008, HSBC announced that it would combine its two Swiss private banks under one brand name in 2009, with HSBC Guyerzeller and HSBC Private Bank to be merged into one legal entity, under the newly appointed CEO of HSBC Private Bank, Alexandre Zeller.
HSBC Retail banking and wealth management
HSBC provides more than 54 million customers worldwide with a full range of personal financial services, including current and savings accounts, mortgage loans, car financing, insurance, credit cards, loans, pensions and investments. Retail Banking and Wealth Management (also known as RBWM) was previously referred to as Personal Financial Services (PFS). This rename was announced during HSBC’s 2011 Investor Day.