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The bank’s name is found to be derived from the initials of the expanded for which are The Hongkong and Shanghai Banking Corporation Limited. It is the founding member of HSBC. It was established with one simple aim or idea of a local bank which can be found to serve the international needs of the population. In the year 1865, HSBC was fully opened to the business platform in Hong Kong so as to help the financing part of the trade to occur between Europe and Asia. It has been 15 years of this bank and is consistently serving their customers which include the funding of 40 million personal interests, wealth as well as corporate customers all around the globe within 64 countries together with the territories. It is one of the leading banking in the financial as well as banking service sectors.
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HSBC by participating in the global platform is found to be aligned with many opportunities which help it to expand its shares in the market. All the favorable factors said and done, the bank is required to consider the situation such as recessions, credit crises as well as volatility. Therefore there is a need to reconsider the bank’s strategies by looking up to it strengths as well as weaknesses together with the potential opportunities as well as the threats in the market place.
Pestle analysis gives a scope to understand the macro environment which influences the business and those include political, economic, social, technological, environmental and legal factors.
From the above two analysis it can be said that HSBC bank, be it stable in capitalism is not except without weaknesses and flaws together with the scandals. Effective management strategies help the bank to clean its image in front of its consumers.
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