Hsbc Share Discussion Threads

[geckotheglorious] 20/1/2021 12:30

HSBC to axe 82 UK branches, cut services in others
HSBC plans to axe 82 branches in Britain this year after a drop in footfall across its retail network and a surge in digital banking, the bank said on Tuesday.

A spokesman for HSBC said the bank would aim to redeploy affected staff to nearby branches where possible, adding that customers would see the removal of counter services in some of the retained branches.
The COVID-19 pandemic has dented bank finances, putting pressure on lenders to cut costs, while more customers have opted to bank online after being encouraged to stay at home to combat the spread of the virus.
HSBC said it had begun trials of different branch formats and decided to provide fewer full-service branches in large cities and towns while others focus on providing cash and self-service technology.

[spud] 19/1/2021 14:55

Just to underpin the total disconnect from other Indices, the UK Market was at a higher level in November 1999 than now! The US is up 169% from that date....

Following that trend, the FT100 would be pushing 18000!

spud

[spud] 19/1/2021 14:31

Down from 51 cents to 22 cents. Thats quite a drop and way below my f/cast of 41 cents.

spud

[igoe104] 19/1/2021 13:53

HSBC to resume dividends as soon as possible.

[xamf] 15/1/2021 09:31

JP Morgan quarter earnings out today before US market open. Last quarter beat expectations. Could provide a lift to the banking sector this afternoon.

[imastu pidgitaswell] 08/1/2021 17:05

Quite the week - not sure about gaps with this one:


free stock charts from uk.advfn.com

[supermarky] 07/1/2021 14:29

Added more earlier this morning. Happy to stay in for the ride North here. Patience needed for maximum profit.

[jsforum] 07/1/2021 13:58

I'd hope before April - much needed in HK

[luke141] 06/1/2021 18:26

Hey GeckotheGlorious - Well said mate. Hope you did very well with STANCHART and HSBC today. Looking Good.

[jbfnfn] 06/1/2021 16:01

Is there a correlation between the number of protesters arrested in Hong Kong and the share price?

[coopstock] 06/1/2021 15:57

is there any indication when they will decide on restarting dividends? That would really put the burners on.

[imastu pidgitaswell] 06/1/2021 15:40

Not been too many days when this rises 10%+...

:-)

[geckotheglorious] 06/1/2021 12:10

Gale,

I share your sentiments in post 9783.
Sad day for Hong Kong - Taiwan likely next if no one does anything. A world with Communist China as global policeman will not be a pleasant place for many - life is "cheap" in China, they care not about their own people so they care even less for gwailos, and the rest of humanity. Their treatment of animals is even worse.

HSBC is between a rock and a hard place yes..

More likely to be bought out (after excessive Chinese regulation has given domestic competitors an even more unfair advantage)

Look to Singapore in my view. And Japan.

Beijing Biden will not stand up for the Taiwanese.

And once Taiwan falls, Chinese attention will turn to the rest of the Pacific,and Japan.

But Orange man bad is the real problem for so many fools out there!!!

:)

[geckotheglorious] 06/1/2021 12:06

"wageslave
Post 9782
"Freedom? Trump was an authoritarian in all but name"

How so?

Did he, or did he not, let State Governors do their own thing both Covid time, but also policy wise generally?

Did Trump allow state governors and mayors to police their own riots or did he send in the National Guard straight away?? Clue it was the former.

Anything but authoritarian you'll find.

But keep up the TDS!!!

[galeforce1] 06/1/2021 11:52

Gecko - I should have said 'less confrontational policy' towards China.

I completely agree with you that there is much to fear and dislike in the Chinese model and it's important to treasure the intellectual freedoms we enjoy in the West.

It's very sad to see how the CCP has imposed its will on HK in the last couple of years. But it was surely inevitable. To be honest I'm amazed that HK's autonomy lasted as long as it did.

What is the future for HSBC? That's the interesting question. My guess is that it will be bought by a one of the big Chinese banks, like ICBC. The same will happen with Standard Chartered. It just doesn't make a lot of sense having a huge Asian bank with an HQ in London.

[wageslave] 06/1/2021 10:54

Freedom? Trump was an authoritarian in all but name.

[geckotheglorious] 06/1/2021 09:59

Gale,
Less aggressive ploy by Beijing Biden an understatement.
Worrying times for us all..

US was the last bastion of freedom as the world shifts more authoritarian,and dystopian (based on the Chinese model)

[galeforce1] 06/1/2021 09:54

The big rise today must be down to the Democrats winning the Georgia Senate vote. Presumably that means a less aggressive foreign ploy towards China.

I see that Standard Chartered has also had a big rise

[peddlers] 05/1/2021 20:13

I also added further to my holding.

[karv1] 05/1/2021 11:23

I think they would allow maybe a merger as it would give them more control and global power, As China grows to become the most powerful country on the planet. HSBC will need to decide whether it is a western bank or a Chinese bank, it can not follow two masters.
When you look at the results the west just looks like a huge anchor on HSBC profits.
It also needs to get more HK/Chinese people on its board. The 4 big china banks have done amazingly over the last 20 years and have gone from strength to strength.

[geckotheglorious] 05/1/2021 11:10

Alibaba Founder Jack Ma Has Been Missing For 2 Months




HSBC would be foolish to trust the CCP.

Doubt the CCP would allow the colonial bank to buy any major domestic Chinese player either!

[watfordhornet] 05/1/2021 10:53

... and then be screwed by the CCP at first disagreement! Unlikely I think.HSBC are not exactly flavour of the month with the CCP