The HSBC share price sell-off accelerated on Friday as investors assessed the bank’s exposure to Asia’s housing market as Evergrande...
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
The HSBC share price has come under pressure as investors abandon UK banks following the actions by Kwasi Kwarteng. The...
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 is trading higher today as the bulls aim to erase the losses of the previous two...
The HSBC share price was the best performing stock in Hong Kong, rising by more than 1%. The stock was...
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 is down by more than 2%, becoming the worst-performing bank stocks in the FTSE 100. The shares...
HSBC (LON: HSBA) share price is performing very well ahead of its earnings. The British multinational financial giant is set...
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 extended its rally into the 9th trading day in a row as investors continue to flock...