HSBC France
HSBC France SA is a subsidiary of HSBC, headquartered in the 8th arrondissement of Paris.
It was formed on 1 November 2005 when HSBC rebranded CCF S.A. (Crédit Commercial de France), together with its subsidiaries UBP, Banque de Picardie and Banque Hervet. HSBC had acquired CCF in 2000; the bank changed its name to HSBC S.A. and then to HSBC France.
About half of the former networks of CCF - Union de Banques à Paris, Banque Hervet, Banque de Picardie and Banque de Baecque Beau - now trade as HSBC. This represents a 380 strong network of branches in France with a very strong presence in the Paris region.
Other group operations in France include a significant HSBC Private Bank presence, along with a major Corporate Institutional Banking and Markets operation. The Paris trading floor is the Group's second largest trading floor in Europe. Specific areas of particular expertise and responsibility are the trading of government bonds and euro interest rate derivatives, arranging of corporate cash calls, disintermediated and structured finance and project finance.
HSBC France had seven regional subsidiaries with 420 branches, but sold them to Banque Populaire in 2008. These regional subsidiaries were Société Marseillaise de Crédit, Banque de Savoie, Banque Chaix, Banque Marze, Banque Dupuy, Banque de Parseval, Banque Pelletier and Crédit Commercial du Sud Ouest.
Read more about HSBC France: CCF Joins The HSBC Group, Check Fee Collusion
Famous quotes containing the word france:
“The best of America drifts to Paris. The American in Paris is the best American. It is more fun for an intelligent person to live in an intelligent country. France has the only two things toward which we drift as we grow older—intelligence and good manners.”
—F. Scott Fitzgerald (1896–1940)