HSBC share price (LON: HSBA) has been one of the best performers among global banks for the last 3 years....
HSBC
HSBC is a British multinational bank operating in 64 countries and territories, serving clients on all continents globally. The bank holding company was created in 1991 by the Hongkong and Shanghai Banking Corporation, with its headquarters in London, UK.
However, the bank’s origins can be traced back to 1865, when it first opened multiple branches in Shanghai. The Hongkong and Shanghai Banking Corporation was officially incorporated in 1866 and has kept growing since then.
HSBC is the second-largest European bank, with BNP Paribas taking the top spot. It ranks as the sixth-largest bank globally based on its total assets and market capitalisation. The bank has three operating divisions: Global Banking & Markets, Commercial Banking, and Wealth & Personal Banking.
The global bank has been accused of multiple scandals over the years and has been fined for aiding money laundering schemes and creating massive tax-avoidance schemes.
Is HSBC a Good Investment?
I would say that HSBC is not a good investment based on its track record of unethical practices in the past that even involved laundering money for a drug cartel. However, many large banks operating today with long histories have been embroiled in scandals in the past.
I am more interested in what the bank is doing today to serve clients’ needs and stay ahead of future trends that could hurt their operations. Therefore, I wouldn’t buy HSBC shares simply because I think the bank lags behind future trends such as funding sustainable projects.
HSBC latest news
Do you have £10,000 to spare? A question we hear often is how to invest £10,000 or even £1k in...
After opening today’s trading session with a huge gap down of over 2 per cent, HSBC share price intraday trading...
The HSBC share price has continued o trade downwards for the third consecutive trading session and is already down a...
The HSBC share price has staged a strong comeback ahead of the upcoming corporate earnings. It rose to a high...
The HSBC share price has come under pressure as investors abandon UK banks following the actions by Kwasi Kwarteng. The...
The HSBC share price has come under intense pressure as investors focused on the upcoming interest rate decision by the...
The HSBC share price is trading lower this Wednesday as the New York stock market begins trading for the second...
In today’s trading session, The HSBC share price has resumed its long-term bearish trend and is down by less than...
HSBC share price pulled back as disagreements between the company’s management and the biggest shareholder continued. The stock slipped to...