Whois & Analysis for hsbc.bm

HSBC Holdings PLC is a British multinational banking and financial services holding company headquartered in London, United Kingdom.

It is the world's seventh largest bank by total assets with total assets of US$2.374 trillion (as of December 2016).

It was established in its present form in London in 1991 by The Hongkong and Shanghai Banking Corporation Limited to act as a new group holding company.

The origins of the bank lie mainly in Hong Kong and to a lesser extent in Shanghai, where branches were first opened in 1865.

The HSBC name is derived from the initials of the Hongkong and Shanghai Banking Corporation.

The company was first formally incorporated in 1866.

The company continues to see both the United Kingdom and Hong Kong as its "home markets".

Bermuda is a British Overseas Territory in the North Atlantic Ocean.

It is approximately east-southeast of Cape Hatteras, North Carolina; south of Cape Sable Island, Nova Scotia; and north of San Juan, Puerto Rico.

The capital city is Hamilton.

Bermuda is an associate member of CARICOM.

A mortgage loan, also referred to as a mortgage, is used either by purchasers of real property to raise funds to buy real estate; or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

The loan is "secured" on the borrower's property.

This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms.

The word mortgage is derived from a "Law French" term used by English lawyers in the Middle Ages meaning "death pledge", and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.

Retail banking, also known as consumer banking, is the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks.

Services offered include savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards.

The term is generally used to distinguish these banking services from investment banking, commercial banking or wholesale banking.

It may also be used to refer to a division or department of a bank dealing with retail customers.

A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services, based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus other agreed charges.

The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.