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HSBC UK
 | |
 HSBC UK head office at One Centenary Square, Birmingham | |
| Formerly |
|
|---|---|
| Company type | Subsidiary |
| Industry | Finance and insurance |
| Predecessor | Midland Bank |
| Founded |
|
| Headquarters | 1 Centenary Square, Birmingham, England, UK |
Key people |
|
| Products | Financial services |
Number of employees | 85,000 (including its subsidiaries) |
| Parent | HSBC Holdings |
| Website | hsbc |
HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is a wholly owned subsidiary of the global HSBC banking and financial group, which has been headquartered in London since 1993. The UK headquarters of HSBC is located at One Centenary Square in Birmingham.
HSBC UK Bank plc is one of the four major clearing banks in the United Kingdom. The business ranges from the traditional high street roles of personal finance and commercial banking, to private banking, consumer finance as well as corporate and investment banking. Across all brands the bank operates some 1800 sites in the UK.
HSBC UK Bank plc is the only one of Britain's big five banks to hold more deposits than loans (loan:deposit ratio of 90%).[2] This has led to the bank being seen as a less risky proposition than the other banks by investors and customers, as it is able to fully fund its own operations. This also contributed to the company's share price maintaining value throughout the credit crunch, unlike other banks in the market.
- ^ "HSBC UK BANK PLC overview - Find and update company information - GOV.UK". Companies House. 23 December 2015. Retrieved 22 January 2024.
- ^ "Running to HSBC Makes Shares European Bank Winner". Bloomberg L.P. 6 October 2008.
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