Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBCs international network comprises over 9,800 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. Companby has listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges. Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.

            Red = 25 day moving average.           Green = 200 day moving average.

Looking like a blue finish - 12 month high is 647.20p

I hope so.

HSBC Bank Malaysia pre-tax profits up 18.6%

StockMarketWire.com

HSBC Bank Malaysia's pre-tax profits for the nine months to the end of September rose by 18.6% to MYR1,193m.

Operating income grew to MYR2,267m - an increase of MYR187m or 9.0% - due to higher income from Islamic banking operations of MYR425m, an increase of MYR113m or 36.3% and higher net interest income of MYR958m, an increase of MYR80m or 9.2%.

Loan impairment charges and other credit risk provisions increased marginally by MYR6m or 3.3% while the cost efficiency ratio improved to 39.7% from 43.3%.

Total assets stood at MYR77.6bn - down from MYR79.9bn at 31 December but up from MYR73.0bn a year ago.

Core capital ratio and risk-weighted capital ratio remain strong at 9.4% and 12.9% respectively at 30 September 2012, higher than the 9.1% and 12.7% reported at 31 December 2011.

These have finally joined the club today.

http://www.bloomberg.com/news/2012-12-20/hsbc-judge-requests-reasons-to-approve-drug-money-accord.html?cmpid=yhoo

I see that is 2 days old, but even so - the yanks seem hell bent on destroying any British orientated business.

12 month high this morning @656.4p.

Skinny, in your post #183 I think you might be replying to Stan? I seem to be appearing in your subconscious these days! :o)

Harry - looks like it! :-)

I wonder why HSBC is lagging behind other banks.

It has been stand steel or falling over the last few days.
Over last month, HSBC rose 2% while other banks rose 9-14%!! WHy?

It depends on your timeframe.

1 year



2 year



3 year

Just closed here @672.5 (limit) - this is the 3rd time this year they have reached the top of their range an I've missed the previous 2 whereupon they subsequently dropped back to @660.

Now I'm out, they will probably keep on going up!

It is moving up slowly towards 700p.

HSBC to sell HSBC Bank Panama to Bancolombia

HSBC Latin America Holdings (UK) Limited, a wholly owned subsidiary of HSBC Holdings plc ("HSBC"), has entered into an agreement to sell HSBC Bank (Panama) S.A. to Bancolombia S.A. ("Bancolombia") for a total consideration of US$2.1bn in cash, based upon estimated net asset value at completion of US$700m. The transaction is subject to regulatory approvals and other conditions and is expected to complete by the third quarter of 2013.

The sale represents further progress in HSBC's execution of the strategy set out in May 2011. Commenting on the transaction, Antonio Losada, CEO of HSBC Latin America, said: "This is the 46th sale/closure globally since the start of 2011, and it demonstrates our commitment to the Group strategy for the region, based on our five-filter approach, to concentrate on our core markets of Brazil, Mexico and Argentina".

As of 30 September 2012, unaudited estimates show HSBC Bank (Panama) S.A. had approximately US$7.6bn of assets, US$5.7bn of loans and US$5.8bn of deposits, excluding previously announced disposals (*) and other adjustments.

Investec Add 721.25 713.00 685.00 735.00 Upgrades

HSBC HOLDINGS PLC 2012 RESULTS HIGHLIGHTS

· Reported profit before tax US$20.6bn, down 6% on 2011, including US$5.2bn of adverse fair value movements on own debt;

· Underlying1 profit before tax US$16.4bn, up 18% on 2011;

· Core tier 1 capital ratio 12.3%, up from 10.1% in December 2011;

· Estimated Basel III end point common equity tier 1 ratio ('CET1') 10.3% post-2013 management actions (9.0% at end 2012), providing strong capacity for organic growth;

· Dividends declared in respect of 2012 US$0.45 per ordinary share, up 10% on 2011, with a fourth interim dividend for 2012 of US$0.18 per ordinary share. Total dividends US$8.3bn;

· First three interim dividends for 2013 planned to be US$0.10 per ordinary share, up 11%;

· Continued to execute our strategy to grow, simplify and restructure the Group;

· Record year in Commercial Banking with reported profit before tax of US$8.5bn, up 7%;

· Underlying revenues for the Group US$63.5bn, up 7%; Global Banking and Markets US$18.2bn, up 10%; Commercial Banking US$15.9bn, up 8%; Retail Banking and Wealth Management US$27.7bn, up 6%; More than half of the Group's underlying revenue from faster-growing regions;

· Announced disposal/closure of 26 businesses and non-core investments in 2012, 4 in 2013, 47 since beginning of 2011;

· Underlying cost growth of 11% to US$41.9bn included notable items of US$5.7bn (up from US$2.2bn in 2011) and investment in growth and strengthened compliance;

· Notable items included US$1.9bn of fines and penalties paid as part of the settlement with US authorities and the FSA, and additional provisions of US$1.4bn in respect of UK customer redress in 2012;

· Generated further sustainable cost savings of US$2.0bn, giving an annualised total of US$3.6bn. This surpasses our cumulative target of US$2.5bn to US$3.5bn of sustainable savings since 2011;

· Return on average ordinary shareholders' equity 8.4%, down from 10.9% in 2011, driven by adverse fair value movements on own debt, a higher tax charge and a much stronger equity base;

· Earnings per share US$0.74, down 20% on 2011; and

· Pro-forma post-tax profits allocation 60% was retained, 29% declared in dividends (net of scrip) in respect of the year and 11% in respect of variable pay. Variable pay down from 15% in 2011.

Oriel Securities Buy 736.55 - 860.00 Upgrades

HSBC faces new money laundering claims in Argentina

Banking giant HSBC, which was hit with a US fine for money laundering last year, is facing fresh accusations of illegal activity in Argentina.

Argentina has alleged that the bank used "fake receipts" to facilitate money laundering and tax evasion, and launder 392m pesos ($77m; £50m).

The country's tax authority said it had filed criminal charges against HSBC.

HSBC DISPOSES OF QUANTITATIVE TECHNIQUES OPERATIONS TO EUROMONEY


HSBC Bank plc ('HSBC'), a wholly-owned subsidiary of HSBC Holdings plc, has entered into an agreement to dispose of its market indices and data cleansing provider, Quantitative Techniques ('QT'), to Euromoney Trading Limited ('the Transaction'). The gross assets being disposed of were recorded at zero in HSBC's accounts as at 31 December 2012.

Under the terms of the Transaction, HSBC has committed to retain the services of QT for a period of three years from the completion date.

The Transaction is expected to complete by the end of 2013.

Banks like HSBC will gain from Japan's new measures.