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.
Haha- lol....Hong Kong Phooey should have been my user name - missed a trick there. No not jumped ship - Goldman have a firm hand on the tiller. GBP/USD has held in a 1.21-1.23 range for 2 weeks and HSBC's share price has traded around the 615-630 level during same period - market seems to be moving sideways in general...FTSE/S+P 500 hoovering around 7000/2150 levels respectively for a while now. FTSE reacting more to the FX rate rather than fundamentals as we wait for outcome of US election… Read More
Some interesting thoughts on the bank and some outside issues. Saw an article on Trump/Clinton, upshot was shares would be up more in year 1 and less so in year 2 and the other way round for the other so net effect roughly the same.
Still makes you wonder why these are the "best two" out of the whole USA. Just started watching Designated Survivor, maybe starting from scratch might be a better option. I wonder if the Queen would talk them back?
Sorry been off this chat for while partly because confused why Chinese mainland investors did not start buying southbound again after their Oct holidays. ICBC (the largest Chinese bank that's dual listed) and HSBC were sold off prior to the holidays if you remember but since then it seems luckily we've (HSBC) been spared from further selling unlike ICBC. They've sensibly worked out another buyback is a distinct possibility in 2017 and left us alone - so far since the holidays they… Read More
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