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London-based multinational bank

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Possible Answers:

HSBC.

Last seen on: Wall Street Journal Crossword – December 21 2022 – Choice Words

Random information on the term “HSBC”:

London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. As of November 2021[update], the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul’s Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists (LSE: LSEG)). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later.

The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571.

During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jonathan’s Coffee-House. At that coffee house, a broker named John Castaing started listing the prices of a few commodities, such as salt, coal, paper, and exchange rates in 1698. Originally, this was not a daily list and was only published a few days of the week.

HSBC on Wikipedia

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