of Hong Kong, HSBC emerges as one of the world’s largest banking institutions. The company’s name is derived from the Hong Kong and Shanghai Banking Corporation, and as a result of this the company refers to both Hong Kong and the United Kingdom as its home markets. HSBC is a public limited company (plc) in the financial sector of the banking industry. Considered one of the most successful banks in the world, the British Multinational Banking and Services Company operates in over 90 countries worldwide
employees, it will give impact to the regulatory bodies related in banking industries including at the national (i.e. Bank Negara Malaysia [BNM]) and international level (i.e.Anti Money Laundering Act [AMLA], United Nations Security Council Sanctions Lists [UNSCSL]). Employees will be aware to adhere to the rules, regulations and compliances in a bank and this can minimise the problem of money laundering, security breach and banking secrecy in both at the national and international level.
Citibank--The Confia Acquisition in Mexico Focus: Organizational Integration, Products, Human Resources, and Global Strategy after Acquisition Introduction On August 12, 1998, Citibank took full ownership and control of the medium-sized Mexican banking group, Confía, dropping the latter's name and logo from the 280 branches throughout Mexico, and from that point on operating it as part of Citibank Mexico. The road that led to this outcome was rocky to say the least, and the fit of the Mexican bank