HSBC Continental Europe: Difference between revisions

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| type = Subsidiary of [[HSBC Holdings plc]]
| company_slogan = Votre banque, partout dans le monde
| foundation = 18942001
| location = [[Paris]], [[France]]
| key_people = {{plainlist |
* Jean BeunardeauDelaurentis (CEO)
* Jean-Manuel Richier (Vice Chairman)
}}
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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 derivative]]s, arranging of corporate cash calls, [[structured finance|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]].
 
[[File:France-Paris-ChampsElysees 1.JPG|thumb|HSBC HQ in Paris 8th arr.]]
 
==CCF joins the HSBC Group==
When HSBC acquired CCF, CCF was operating with 650 [[branches]] and [[assets]] of €69 billion. In April 2000, [[HSBC Holdings plc]] announced its intention to acquire the bank and completed the deal in July. That month, HSBC Holdings plc listed on the [[Euronext|Paris Stock Exchange]] for the first time. The acquisition enabled HSBC to establish itself in one of the main European markets and to build a strong platform in the [[euro zone]]. CCF continued to expand with the purchase of [[Banque Pelletier]] (2000) and [[Banque Hervet]] (2001). CCF won a bidding-war for Banque Hervet, which the French government was re-privatizing, when its bid of $480 million beat out bids from [[Paribas]], [[Credit du Nord]] - [[Dexia]], and insurer Groupama.
 
With the acquisition of CCF, HSBC acquired CCF's stake in [[Lombard Bank]] in [[Malta]]. At the time, HSBC already owned the largest bank in Malta. In 2002, HSBC sold its shares in Lombard Bank Malta to Swiss-based [[Banca Unione di Credito]].