Is the bank HSBC a multinational or transnational bank?? and what is the difference between the two.??

Question

Is the bank HSBC a multinational or transnational bank?? and what is the difference between the two.??

Answer 1

HSBC would be considered a transnational bank.

A mutinational company does business in at least two countries. In other words, they may sell to businesses in other countries but not have offices or facilities set up there.

A transnational company has actual operations/outlets in multiple countries.