is the French division of the major UK bank HSBC. In 2000, HSBC acquired one of the oldest French banks (dating to 1894) - Crédit Commercial de France and changed its name to HSBC. In July 2000, HSBC listed for the first time on the Paris Stock Exchange.
After 2000, Crédit Commercial de France continued to expand by purchasing Banque Pelletier (2000) and Banque Hervet (2001), together with the acquisition of 11 branches (outside Paris) from Banque Worms of Deutsche Bank
On November 1, 2005, Crédit Commercial de France was rebranded with its subsidiaries Banque de Picardie, Union de Banques á Paris, Banque Hervet, and Banque de Baecque Beau, and named HSBC France. About half of the former network of Crédit Commercial de France, along with the subsidiaries, now trade as HSBC.
HSBC France had 7 regional subsidiaries, covering 420 branches, which were sold in 2008 to Banque Populaire
. These regional subsidiaries comprised of Crédit Commercial du Sud Ouest, Société Marseillaise de Crédit, Banque Chaix, Banque de Savoie, Banque Marze, Banque de Parseval, Banque Dupuy, and Banque Pelletier.
Today, HSBC France has 380 branches throughout the country, with a very strong presence in Paris and the Paris region. Moreover, the body has dedicated French departments in the UK and China. Out of the 330,000 employees of the HSBC Group, about 12,000 work for HSBC France. By its assets, the Group is one of the world’s largest banking and financial services, serving more than one hundred million customers worldwide through almost 9,500 offices.
HSBC France has Global Banking and Markets, Global Asset Management, Insurance, and Private Banking divisions, dealing with corporate banking, investment banking, markets, and private banking. The branches offer specialized finance, mergers and acquisitions advice, fixed income products, equity brokerage, foreign exchange, equity derivatives, insurance and employee savings.
The Global Banking and Markets division is one of the top divisions not only in France but throughout Europe and around the World, trading mostly on the Paris Stock Exchange. The HSBC Global Asset Management offers active fund management, advice on money markets, multimanager funds, and innovative investment solutions, along with employee savings solutions for companies.
HSBC France also provides life, investment, retirement, education, and general insurance. On the other hand, HSBC Private Bank France is one of the country’s leaders in wealth management, combining local expertise with the strengths of a major international bank. The retail division focuses on residential and international private clients and corporate and institutional clients, offering all kinds of loans, including mortgages, investment, insurance, checking and saving accounts, and credit cards.
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