HSBC Holdings was founded in London in 1991 by the Hongkong and Shanghai Banking Corporation as a Group Holding Company, and as such can trace its history back to 1856 when it was founded by Scotsman Sir Thomas Sutherland in the then British colony of Hong Kong. HSBC is the worlds largest bank and is the second largest company listed on the London Stock exchange with a market capitalisation of over £100 billion. HSBC provides more than 54 million[77] customers worldwide with a full range of personal financial services, including current and savings accounts, mortgage loans, car financing, insurance, credit cards, loans, pensions and investments.