We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
HSBA buy?
John_Brown_4
Posts: 43 Forumite
Look like a good long term buy? Tier one will be 9.8%, beating the other dogs.
- FT3 Personal Signature
0
Comments
-
I don't think the bad news is over yet for hsbc. There could still be a lot more losses from their US arm.0
-
I don't think the bad news is over yet for hsbc. There could still be a lot more losses from their US arm.
I thought they are shutting it down? HSBC held it's hands-up when they encountered defaults in the US 3 years ago, perhaps they are telling the truth by budgeting for the worst case scenario?I used to have a signature but it disappeared and I just couldn't be bothered writing another, so please feel free to ignore this.0 -
They can close it down but they'll still be liable for its liabilities and debts. If you're going to buy, you're best waiting until the rights issue is out of the way. If you bought today, they'll be asking you for a load of extra money in a few weeks.Brian_Bullocks wrote: »I thought they are shutting it down?Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
Put your money in BARC instead.Had £80,000 in Savings - All GONE!!! BYE BYE:A Single, 27, Aspie, Gooner :A0
-
Brian_Bullocks wrote: »I thought they are shutting it down? HSBC held it's hands-up when they encountered defaults in the US 3 years ago, perhaps they are telling the truth by budgeting for the worst case scenario?
HSBC still have around $147 billion in loans to US customers. Around $50 billion is credit card debt and the rest is mostly lent through Household (its US sub). So IMO there is still plenty that could go wrong.0 -
If you had to buy shares in a bank then I'd probably pick HSBC (or maybe Wells Fargo in the US) but that would be with my arm twisted right up my back - there are so many other better companies to invest in at the moment.....0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards