HSBC is one of the largest banking and financial services organisations in the world. It has around 89 million customers throughout its four global businesses. It consists of 7,200 offices in over 80 countries. HSBC first opened for business in Hong Kong in 1865.
Reasons: in the light of a strong recent recovery in SP, want to de-risk before Q2 next week, whose outcome always uncertain. Not least in case 500+ poses stronger resistance. Volume also looks on the low side, with market in general getting a bit toppy. Global economy still faces challenges.
Overall, consider this a fairly poor buy, if not for the 22p+ in divi gains. Then again, I'm more of a trader, less so an investor. Hence I've traded this a few… Read More
SUFCESSEX Blimy that takes me back, that is a very similar process to what was used in the Woolwich in the 70's. Where, Branch Manager would only be doing about 10 loans a week, he would go out and drive by to see if he thought it looked worth the money. Back in those days a Branch like Cardiff for example would have about �120,000 per week to lend, and would issue about 8 - 12 Mortgages from that amount.
I had a job where all the little bits left over from all branch allocations… Read More
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