Actually if you read the company history (the title of which escapes ,me at the moment, something to do with a plant as I remember), you will find their heritage is Scottish. A junior member of the great British trading companies in Hong Kong, they actually issue the currency for the Hong Kong government. They have a very interesting culture one element of which was a sinking fund, the annual contribution to which was never published before the annual statements were printed up. When the NY State Banking Dept. (Murial Seibert) objected they merely converted Marine Midland from a state to a fed charter. As savvy Scots they had some notable success until they bought Household Finance Corp. which was a disaster. They quickly righted the ship and cleaned up the mess well before the Mortgage meltdown. They are now the 12th largest bank in the world and own subsidiary in the Bank of the Middle East and Malaysia, Canada, Turkey and a host of others. In fact as an employee I had a 22 page memo of companies which we could not lend money to as they were in some way owned, controlled etc. by HSBC..