HSBC is one of the world's largest banks, with roughly $3.2tn in total assets and $1.8tn in customer deposits across 56 markets. The bank's core business rests on two pillars: a large deposit franchise deployed into loans and investments, and transaction banking and wealth management services. HSBC earns net interest income (NII) on the spread between deposit costs and loan or investment yields; banking NII was $44.1bn in 2025. Fee income comes primarily from wholesale transaction banking (~$10.9bn) and wealth management (~$9.4bn). HSBC claims the title of world's largest trade finance bank and processes enormous volumes of global payments and FX on behalf of corporate and institutional clients. The bank operates through four segments: Corporate and Institutional Banking (the largest, at ~38% of revenue), Hong Kong (~22%), International Wealth and Premier Banking (~20%), and the UK (~18%). Hong Kong is HSBC's most dominant market, where it holds 25% deposit share and 32.6% trade finance share. The bank's wealth ambitions are centered on Asia and the Middle East, where it serves affluent and high-net-worth clients through investment distribution, private banking, asset management, and insurance. Under CEO Georges Elhedery, HSBC is pursuing simplification by cutting management layers, exiting low-returning markets, and redeploying savings into wealth and transaction banking growth. HSBC targets a return on tangible equity of 17% or better through 2028, with a committed 50% dividend payout ratio.