UK Mortgage Lender: HSBC

Details on HSBC mortgage lender:

The HSBC Group is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China. The inspiration behind the founding of the bank was Thomas Sutherland, a Scot who was then working for the Peninsular and Oriental Steam Navigation Company. He realised that there was considerable demand for local banking facilities in Hong Kong and on the China coast and he helped to establish the bank which opened in Hong Kong in March 1865 and in Shanghai a month later.

It was the acquisition of The Midland bank plc in 1992 which transformed HSBC's representaion in Europe,placing it amoungest the leading financial institutions in the world.

The Groups position was consolidated still further with the aquisition of Credit Commericial de France SA (now CCF) in france in 2000.

Mortgage Lender HSBC