HSBC's business primarily includes 4 global businesses and Corporate Centre:
Retail Banking & Wealth Management: This segment derives revenues by providing traditional banking and wealth management services to small businesses and consumers across the globe.
Commercial Banking: This segment generates revenues by providing commercial banking services to customers through its four operating units: Credit and Lending, Global Trade and Receivables Finance, Payments and Cash System, and Insurance and Investments.
Global Banking and Markets: Revenues for this segment are derived by providing services to institutional, corporate and wealth management clients to help them raise capital, grow their businesses, invest and manage risks.
Global Private Banking & Corporate Center: This includes HSBC's revenues from private banking services to high net-worth individuals, and any other revenues from corporate balance-sheet management activities.
Corporate Centre: Costs that are not allocated to global businesses are included in Corporate Centre. The intra-Group elimination items for the global businesses are presented in Corporate Centre
Who Are The Clients?
HSBC provides consumer banking, credit cards, commercial banking, investment banking, sales & trading, and wealth management services to
Retail ConsumersSmall BusinessesCorporates GovernmentsInstitutional Investors such as pension funds, mutual funds and hedge funds High Net-worth Individuals
What Are The Alternatives?
HSBC faces stiff challenges and competition from offerings by its competitors such as:
JPMorganGoldman SachsMorgan StanleyWells FargoCapital OneCitigroup