Hints and tips:
...transformed the 2008 financial shock into a prolonged recession....
...Valuation and recommendation: HSBC’s shares have fallen by 42% year-to-date versus a 51% fall in the average share price of the other mainstream UK banks....
...HSBC, in common with its UK bank peers, suffered the “mandated” cancellation of its 2019 final dividend and a “block” on dividends during calendar year 2020....
...The energy transition strategy update in March is key to becoming more positive on the stock, absent a V-shaped recovery for their O&G customers. Glaring value?...
...Just 30% expect a V shaped recovery in the stock market....
...“He said to me, ‘Look, the building is being assaulted by the cannons,’ which were two gantries at HSBC [next door], and by the sharp corner of the triangular Bank of China building [beyond that]....
...Persimmon trades on the highest P/NAV, but its land bank and margins warrant that....
...Comment from WendellMurray on Donald Trump’s diplomatic turn to N Korea deserves acclaim I have never understood the refusal of the USA government to talk to the North Korean government....
...A representative for the actress told USA Today: “Fran and Oscar are happily reunited and are enjoying an In-N-Out burger together.”...
...This brightening picture has attracted Ping An, China’s biggest insurer, to build up a stake of more than 5 per cent in HSBC, becoming the bank’s second-biggest shareholder....
...Ralph Atkins Earnings BNP Paribas Q1 €1.07 (€1.27) BMW Q1 €2.63 (€2.30) Commerzbank Q1 €0.17 (n/a) HSBC H1 $0.33 ($0.48) Infineon Tech Q1 €0.14 (€0.13) Lufthansa Q1 €0.03 (-€0.17) UBS Q1 SFr0.30...
...chief economist, HSBC Investment Bank Real incomes are likely to be squeezed thanks to a rise in headline inflation stemming from the impact of sterling’s fall in pushing import prices higher....
...At a Swiss private bank? One is shocked. Shocked! HSBC has admitted to “compliance and control failings” at a Swiss offshoot, following allegations that the subsidiary helped foreigners avoid tax....
...No state or federal funds were involved: it was funded by a $35m bond, which was bought in its entirety by Bank of America after failing to find other investors....
...for the bank....
...Earnings Alsthom FY €3.10 (€2.46) Adecco Q1 €0.47 €0.59) Carlsberg Q1 DKr0.11 (DKr-0.22) Crédit Agricole Q1 €0.21 (€0.38) Commerzbank Q1 €0.27 (€0.60) Endesa Q1 n/a (€0.59) ENEL Q1 n/a (n/a) GBW...
...AG Long-term deposit rating to A2 from Aa3, outlook stable; Short-term P-1 affirmed Goldman Sachs Bank USA Long-term deposit rating to A2 from Aa3, outlook stable; Short-term P-1 affirmed HSBC Bank...
...Masterpieces of Chinese Painting: 700-1900, edited by Zhang Hongxing, V&A Publishing, RRP£40/$60 The world’s oldest painting tradition explored in the glorious catalogue to the V&A’s current, once-in-a-lifetime...
...The Fed also granted approval to Agricultural Bank of China to build a branch in New York City, and to Bank of China to build a branch in Chicago – its third US branch, reports the WSJ....
...Stuart Davis, chief executive of HSBC India, the global banking group, says that rising input costs is the top concern of his bank’s commercial borrowers....
...Jean-Marc was at Bristol-Myers from early 2008, prior to which he worked at Royal Numico N.V. as Chief Financial Officer and Member of the Executive Board, from 2003....
...Wendell V. Graham, Washington DC, USA TF: In total about 24 UK stocks can be bought in the US....
...Dyfrig John, ex-chief executive, HSBC bank UK. Phyllida Lloyd, theatre director. James Loughran, classical conductor. Ian Luder, former City lord mayor....
...Shouldn’t we still remain unipolar, with Leadership coming from the U.N, rather being non-polar?...
...Li, Chairman and Chief Executive, The Bank of East Asia Ltd., Hong Kong, China Andrew N. Liveris; CEO, The Dow Chemical Company, USA John A....
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