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  • Rank81
  • Previous Rank77
  • CEO
    Stuart T. Gulliver
  • Address
    8 Canada Sq., London E14 5HQ
  • Websitehttp://www.hsbc.com
  • Industry
    Banks: Commercial and Savings

Things haven’t been going so well recently for British bank HSBC. Last year, it paid more than $3 billion in fines over charges related to fixing the foreign exchange market. That followed a $1.9 billion fine in 2012 related to money laundering allegations. In June, the company announced that it would eliminate 25,000 jobs, about 10% of its workforce, and close operations in Turkey and Brazil. The firm also said its return on equity, a key measure of profitability, was likely to be closer to 10% than 15%, which was its earlier target. HSBC plans to reignite growth by focusing on Asia.

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Company Information

CEO
Stuart T. Gulliver
Industry
Banks: Commercial and Savings
Sector
Financials
HQ Location
London, Britain
Websitehttp://www.hsbc.com
Years on List21
Figures prepared in accordance with International Accounting Standards.

Key Financials (last fiscal year)

($ Millions)% change
Revenues94,431-3.2%
Profits13,688-15.5%
Assets2,634,139-
Employees264,767-

Profits as a % of

Profit as % of Revenues14.5%
Profits as % of Assets0.5%
Profits as % of Stockholder Equity7.2%