HSBC share price has taken a massive hit this Tuesday, as the company reported a profit miss as a result...
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
HSBC share price is under intense pressure today in London and Hong Kong after the bank reported weak quarterly earnings....
HSBC has angered the United States over the recent situation in Hong Kong with U.S. Secretary of State Michael Pompeo...
HSBC share price is down by more than 3%, continuing a sharp downward trend that started in January 2018. The...
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%.
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.
HSBC share price has been on a strong uptrend recently. In the past month, HSBC’s stock in Hong Kong has...
HSBC share price is falling in Hong Kong and London today as traders react to news that the bank is...
HSBC share price is down by more than 2%, becoming the worst-performing bank stocks in the FTSE 100. The shares...
HSBC share price is up by 0.70% in London today as investors react to the recently-passed Brexit deal. The stock...