Hsbc Share Discussion Threads

[coxsmn] 13/3/2023 20:44

S&P500 -0.15%Nasdaq +0.45%Dow Jones -0.28%FTSE100 -2.58% !Ridiculous.

[coxsmn] 13/3/2023 18:51

March madness won't last.

[8josh] 13/3/2023 16:44

Seems a bit odd US HSBC only down −0.59 (1.67%) today. HK might give a better picture tomorrow.

[dogface] 13/3/2023 16:12

Where is Porsche. Weneedhis sound advice

[supermarky] 13/3/2023 15:56

not showing too much appetite to move on up into the close (so far)

[coxsmn] 13/3/2023 15:50

https://www.aol.com/biden-deliver-remarks-silicon-valley-125624257.html

[coxsmn] 13/3/2023 15:43

Recovery is imminent.Uk banks looking even better value.

[coxsmn] 13/3/2023 13:41

10.10am: Citi sees limited UK impact from SVBAre the falls in bank share prices a buying opportunity? Broker Citi suggests it could be. It sees very limited read-across from the issues facing Silicon Valley Bank in the US to the European Banking sector.The bank noted European banks have less deposit concentration, are still seeing relatively healthy deposit flows, operate with large liquidity portfolios, and remain well capitalized."We also see less risk to capital in the event that balance sheet positions in negative carry do have to be crystallized."Citi remains overweight European banks with its top-picks BBVA, Lloyds, Intesa.JP Morgan said: "Whilst we do not believe there is a banking crisis in the making and the SVB situation is somewhat unique, we do expect increased investor scrutiny on 1) bond portfolios as a percentage of deposits; 2) mark-to-market of Available For Sale (AFS) as well as Held To Maturity (HTM) books; and 3) deposit outflows and the pace of."

[8josh] 13/3/2023 12:48

Buyer of Tier 1 bank stocks over the next few days.
* Update March 14 since posting. I've changed my mind. Too many ominous signs since SVB. Contagion worries.

[8josh] 13/3/2023 12:18

Waiting for EOD to buy more HSBC Super M. I like HK tech also as maybe no interest rate rise this month from the Fed due to meltdown.

[supermarky] 13/3/2023 12:12

heavy market sell off. sitting on the sidelines for now with cash in hand. Markets have a lot to give back after an amazing run recently.

[8josh] 13/3/2023 11:09

Snooping for bargains.

[loganair] 13/3/2023 10:58

You mean when Lloyds was forced by the UK Government to buy HBOS in order to save HBOS from collapse.

[jeffian] 13/3/2023 10:40

It looks like a good opportunistic deal, but I was a shareholder of Lloyds when it bought HBOS......

[lozboz2] 13/3/2023 10:23

I hope HSBC remember how to acquire failing banks as it was very adept 20yrs ago.This has all the feel of the Midland Bank acquisition of Crocker. No due diligence, inept management, no eyes on the ball.They need to go in hard, flush out the management who caused it to go bust and get some discipline in place. I'm not sure there's anyone left who remembers how to do that!

[jusjusjus] 13/3/2023 08:14

but as nobody carries cash around these days, visions of Noel putting his hands in his pockets and then saying "would you take a cheque?"

[mister md] 13/3/2023 07:58

Shame, I was considering a potential offer of 1.10 but no-one contacted me

[togglebrush] 13/3/2023 07:56

Re JusJuslus ... was that a pound coin or a pound note ???

[jusjusjus] 13/3/2023 07:52

"The acquisition will be funded from existing resources." :-)

[loginname] 13/3/2023 07:49

The rest of the stock market appreciates HSBC shareholders sacrifice!

Thanks guys :) x

[suetballs] 13/3/2023 07:40

So on the face of it we've acquired a profitable company with an ok balance sheet.
The customers should be a lot happier and we've got access to new business.
And all for £1.
Suet

[igoe104] 13/3/2023 07:38

HSBC and other bigger banks, should do well out of this situation, as folks and businesses will be put off from investing and borrowing from small banks, so potentially more business for the likes of HSBC..

[togglebrush] 13/3/2023 07:15

HSBC Acquires Silicon Valley Bank UK Limited ...Strategic acquisition to strengthen HSBC's banking franchise in UK
.....
HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank
plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1.

Append

As of March 10, Silicon Valley Bank UK Limited had loans of around 5.5 billion pounds and deposits of around 6.7 billion pounds, HSBC said.

SVB UK's tangible equity is expected to be around 1.4 billion pounds, HSBC said.

The transaction completes immediately and will be funded from existing resources, the bank added.