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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

Shares
·Feb 18, 2020, 11:20 GMT

HSBC Share Price Takes a Hit On Profit Miss; Set to Cut 35,000 Jobs

HSBC share price has taken a massive hit this Tuesday, as the company reported a profit miss as a result...
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London FTSE 100
Shares
·Aug 03, 2020, 09:20 BST

HSBC Share Price – Technicals Suggests Worst is Yet to Come

HSBC share price is under intense pressure today in London and Hong Kong after the bank reported weak quarterly earnings....
Read More
EURGBP
Shares
·Aug 31, 2020, 16:20 BST

HSBC Share Price Could Test Long-Term Support – U.S. Angered by China Ties

HSBC has angered the United States over the recent situation in Hong Kong with U.S. Secretary of State Michael Pompeo...
Read More
Shares
·Sep 21, 2020, 09:03 BST

HSBC Share Price: Technicals Suggest That the Plunge Will Continue

HSBC share price is down by more than 3%, continuing a sharp downward trend that started in January 2018. The...
Read More
Shares
·Sep 28, 2020, 13:21 BST

HSBC Share Surge As Ping An Increase Stake

HSBC share jumped on Monday after the reports that its biggest shareholder, Ping An Asset Management, increased its stake in the bank from 7.95% to 8%.
Read More
ftse 100
Shares
·Oct 27, 2020, 05:02 GMT

HSBC Share Price Set to Soar in London After Strong Q3 Earnings

HSBC share price is rising in Hong Kong as investors react to the strong third-quarter earnings. The bounce is an early indication that the shares will rise in London when the market reopens.
Read More
HSBC
Shares
·Nov 12, 2020, 05:59 GMT

HSBC Share Price is Up by 15% This Month – More Gains Likely

HSBC share price has been on a strong uptrend recently. In the past month, HSBC’s stock in Hong Kong has...
Read More
HSBC
Shares
·Nov 30, 2020, 08:31 GMT

HSBC Share Price Caves on US Exit Rumours – Time to Buy?

HSBC share price is falling in Hong Kong and London today as traders react to news that the bank is...
Read More
HSBC
Shares
·Dec 15, 2020, 09:22 GMT

Here’s Why HSBC Share Price Choked Today – Still a Buy?

HSBC share price is down by more than 2%, becoming the worst-performing bank stocks in the FTSE 100. The shares...
Read More
HSBC
Shares
·Jan 04, 2021, 08:56 GMT

HSBC Share Price 2021 Outlook – Buy, Hold, Sell?

HSBC share price is up by 0.70% in London today as investors react to the recently-passed Brexit deal. The stock...
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Financial market and cryptocurrency trading and investing carry a high degree of risk, and losses can exceed deposits. Ensure you fully understand the risks involved. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. Read the “Risk Disclosure Statement” for further details.

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