In today’s trading session, The HSBC share price has resumed its long-term bearish trend and is down by less than...
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 pulled back as disagreements between the company’s management and the biggest shareholder continued. The stock slipped to...
The HSBC share price has taken a hit this Tuesday following a price downgrade by Exande BNP Paribas. The stock...
July has not been a great month for HSBC’s share price, which is currently down by almost 4 per cent....
The HSBC share price has outperformed peers in 2022 as investors cheer the company’s exposure to Asia. The stock is...
The HSBC share price is trading higher today as the bulls aim to erase the losses of the previous two...
The latest HSBC share price analysis by Goldman Sachs Group research analysts indicates a potential upside of 32 per cent....
The HSBC share price has held well as investors focus on the potential initial public offering of the company’s Indonesia...
The HSBC share price will be in the spotlight on Tuesday morning as investors focus on new activist pressure from...
The HSBC share price is holding steady close to its highest level this month ahead of its earnings that are...