Financial services are the economic services provided by the finance industry, which encompasses a broad range of organizations that manage money, including credit unions, banks, credit card companies, insurance companies, accountancy companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises.
As of 2004, the financial services industry represented 20% of the market capitalization of the S&P 500 in the United States. The U.S. finance industry comprised only 10% of total non-farm business profits in 1947, but it grew to 50% by 2010. Over the same period, finance industry income as a proportion of GDP rose from 2.5% to 7.5%, and the finance industry's proportion of all corporate income rose from 10% to 20%.
The Hongkong and Shanghai Banking Corporation Limited is a bank established and based in Hong Kong since 1865, when Hong Kong was a colony of the British Empire. It is the founding member of the HSBC Group and, since 1990, is a wholly owned subsidiary of the London-based HSBC Holdings P.L.C,. The company's business ranges from the traditional High Street roles of personal finance and commercial banking, to corporate and investment banking, private banking and global banking. It is the largest bank in Hong Kong, and operates branches and offices throughout the Asia Pacific region, and in other countries around the world.
HSBC is one of the oldest banking groups in the modern world]citation needed[. In Hong Kong, HSBC is referred to colloquially as "The Bank"]citation needed[, "Hongkong Bank", "Hong Kong Bank" and "Lion Bank".
HSBC Bank Malta plc is the leading international banking and financial services group in Malta and a subsidiary of HSBC. It is the former Mid-Med Bank (see below) and the second-oldest bank in Malta. HSBC's Malta headquarters are at 116 Archbishop Street, Valletta VLT1444, Malta. It offers a comprehensive range of financial products and services via a network of around 40 branches and offices throughout Malta and Gozo.
HSBC Bank Malta is part of the European region within the HSBC Group and therefore reports to HSBC Bank plc.
Finance is the practice]citation needed[ of funds management, or the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. Finance can be broken into three different sub categories: public finance, corporate finance and personal finance.
HSBC Bank may refer to any one of the following principal local banks for HSBC Group:
New York is a state in the Northeastern region of the United States. New York is the 27th-most extensive, the third-most populous, and the seventh-most densely populated of the 50 United States. New York is bordered by New Jersey and Pennsylvania to the south and by Connecticut, Massachusetts and Vermont to the east. The state has a maritime border with Rhode Island east of Long Island, as well as an international border with the Canadian provinces of Ontario to the west and north, and Quebec to the north. The state of New York is often referred to as New York State, so as to distinguish it from New York City.
New York City, with a Census-estimated population of over 8.3 million in 2012, is the most populous city in the United States. Alone, it makes up over 40 percent of the population of New York State. It is known for its status as a center for finance and culture and for its status as the largest gateway for immigration to the United States. New York City attracts considerably more foreign visitors than any other US city. Both the state and city were named for the 17th century Duke of York, future King James II of England.