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.

Who knows with the bloody yanks - I reckon it will end the day blue (or red).

Yes, If thats the end I agree.. But? Perhaps let things die down a bit I suppose.

Harry, I've held these several times this year - and currently hold from 567.

All depennds on whether they have closed down their chinese laundry!

The SP. is actually holding up so far today, Now that the uncertainty has diminished.

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