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Size, profit and auditors

Operations[edit]

A map showing the countries of the world in which HSBC currently has operations

HSBC has its world headquarters at 8 Canada Square in Canary Wharf, London.[102]

Size, profit and auditors[edit]

  • As of 2014, according to Relsbank, HSBC was the fourth-largest bank in the world by assets (with $2,670.00  billion), the second largest in terms of revenues (with $146.50 billion) and the largest in terms of market value (with $180.81 billion).[103]
  • It was also the most profitable bank in the world with $19.13 billion in net income in 2007 (compared to Citigroup's $3.62 billion and Bank of America's $14.98 billion in the same period).[104]
  • In June 2006, The Economist stated that since the end of 2005 HSBC has been rated the largest banking group in the world by Tier 1 capital.[105] In June 2014 The Banker ranked HSBC first in Western Europe and 5th in the world for Tier 1 capital.[106]
  • In February 2008, HSBC was named the world's most valuable banking brand by The Banker magazine.[107][108]
  • HSBC has been audited by PwC, one of the Big Four auditors since 2015.[109]

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