THE ENLARGED GROUP
The enlarged group will be a UK-based international banking group with major banking franchises in Europe, Asia and North America. It will possess the capital, business bases and technology to meet the challenges of the decades ahead.
The enlarged HSBC Holdings group will have:
Pro forma combined total assets of £144 billion.
Tier 1 and total capital ratios of 6.3 per cent. and 11.0 per cent. respectively.
Some 3,300 offices in 68 countries.
A comprehensive range of products and services.
Benefits are expected across a wide range of the enlarged group's activities:
In Retail Banking, the enlarged group will have advanced electronic banking systems which will provide a competitive advantage in the development of cost-effective new products and services for individual domestic markets.
In Corporate Banking, the enlarged group will benefit from the ability to cross- sell products to a widened customer base and by increasing the number of lead banking relationships.
In Correspondent Banking, the enlarged group will benefit from complemen- tary geographical strengths and will be a major provider of payment clearing services in key money centres.
In Private Banking, the enlarged group will have well-established brand names and products in Europe and an extensive customer base of high net worth individuals in Asia, one of the world's fastest growing private banking markets.
In Trade-related Services, the enlarged group will be well-placed to benefit from increased business as a result of its presence in each of the world's three largest trading regions and its ability to harness fast-growing Asian/EC trade.
In Treasury, the enlarged group will benefit from cost savings (arising from integrating operations and lower funding costs) and by increasing revenues (arising from the extended product range and customer base).
In Investment Banking, Midland's European strengths in corporate finance, specialised finance, venture capital and institutional finance complement Wardley's well-established presence in Asia-Pacific and James Capel's strong equity research and distribution capabilities.
In Custody Services, the enlarged group will be one of the largest custodian houses in the world with total assets under custody of approximately £102 billion.
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