|Sir Thomas Sutherland|
|Sir Thomas Sutherland, GCMG (Chinese: 蘇石蘭, 1834 – 1 January 1922) was a Scottish banker andLiberal Party politician. He founded The Hongkong and Shanghai Banking Corporation which was the founder member of HSBC Group and directed the P&O Company.Sutherland was the son of Robert Sutherland of Aberdeen. Educated at Aberdeen University, he got his start clerking in the London office of the Peninsular and Oriental Steam Navigation Company (P&O). Soon after, P&O promoted Sutherland to superintendent, assigning him to Hong Kong to manage the firm’s Asian operation.In 1863 he became the first chairman of the Hong Kong and Whampoa Dock. In order to help finance the burgeoning trade between China and Europe, and explore the potential for China–United States trade, Sutherland established The Hongkong and Shanghai Banking Corporation in 1865and became its first vice-chairman. He was appointed member of the Legislative Council of Hong Kong from 1865 to 1866. In 1872 he was appointed Managing Director of P & O.|
|Headquarters||8 Canada Square,
London, United Kingdom
HSBC Holdings plc is a British multinational banking and financial services company headquartered inLondon, United Kingdom. It is the world’s second largest bank. It was founded in London in 1991 by the Hongkong and Shanghai Banking Corporation to act as a new group holding companyThe origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865.The HSBC name is derived from the initials of the Hongkong and Shanghai Banking Corporation. As such, the company refers to both the United Kingdom and Hong Kong as its “home markets”.
HSBC has around 6,600 offices in 80 countries and territories across Africa, Asia, Europe, North America and South America, and around 60 million customers.As of 2012, it was the world’s largest bank in terms of assets and sixth-largest public company, according to a composite measure by Forbesmagazine.
HSBC is organised within four business groups: Commercial Banking; Global Banking and Markets (investment banking); Retail Banking and Wealth Management; and Global Private Banking.
The Financial Information Unit of Argentina is investigating a conspiracy between Iron Mountain and its major clients – international financial companies such as banks HSBC, BNP Paribas and JP Morgan – to destroy documentation involving economic crimes, by causing a fire in the company’s warehouses.
The TeleSUR report goes on and says that “since 2008 the local administration started to promote the setting up of technological industries in the southern areas of the city giving them tax reduction benefits. Iron Mountain’s location was not in this area, but the head of Economic Development of the City, former HSBC executive Francisco Cabrera, intervened in order to give the company these tax benefits. It turns out HSBC was the most affected company in the fire, and it is one of Iron Mountain’s biggest client globally. … An inspector of the Secretariat of Labor of the local government wanted to close down Iron Mountain’s facilities for lack of security measures, but superior officers put a stop to this closure because of the good relationship between Iron Mountain and the local administration.”
|Traded as||TSX: ABX
S&P/TSX 60 component
|Industry||Metals and Mining|
|John L. Thornton, Chairman
Kelvin Dushnisky, Co-President
James (Jim) Gowans, Co-President
Ammar Al-Joundi, Senior Executive Vice President & CFO
Barrick Gold Corporation is the largest gold mining company in the world, with its headquarters inToronto, Ontario, Canada. Barrick is currently undertaking mining projects in Argentina, Australia,Canada, Chile, the Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States andZambia. For 2013, it produced 7.2 million ounces of gold at all-in sustaining costs of US $915/ounce and 539 million pounds of copper at C1 cash costs of $1.92/pound. As of December 31, 2013, its proven and probable mineral reserves were 104.1 million ounces of gold, 888 million ounces of silver contained within gold reserves, and 14.0 billion pounds of copper.
On January 20, 2006, Barrick acquired a majority share of Placer Dome. The production of the combined organization moved Barrick to its current position as the largest gold producer, ahead of Newmont Mining Corporation.
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