HSBC Holdings Plc (HSBA.L) has been formally mandated as an adviser on the initial public offering of Saudi Arabia's national oil giant Aramco (IPO-ARMO.SE), expected to be the world's largest ever IPO, HSBC's chief executive said on Monday. Europe's biggest bank joins peers including JPMorgan Chase & Co (JPM.N) and Morgan Stanley (MS.N) on the deal, which is expected to raise some $100 billion and is the centerpiece of the Saudi government's ambitious strategy to diversify away from oil.
- Reuters•6 days ago
With dealmaking in Asia sluggish and Chinese investment banks taking market share from global rivals, some foreign banks are ploughing resources into transaction banking, the workaday business of financing trade, managing cash and facilitating payments. At a time of growing intra-regional trade in Asia, the largest trading region in the world, and expansion of supply-chain networks beyond China, transaction banking promises to offset slowing revenues elsewhere. While existing transaction banking powerhouses including Citigroup and HSBC are expanding sales and reach, firms who have traditionally focused more on investment banking, such as JPMorgan and Deutsche Bank, are also bulking up.
- Reuters•7 days ago
Finance firms have held twice as many meetings with ministers handling Britain's exit from the European Union as any other sector of the economy, a Reuters analysis shows. The figures show that the finance sector retains an outsized influence despite Prime Minister Theresa May signalling she wants to reduce Britain's economic dependence on the sector and banks' complaints that they are having difficulty getting their views across. Britain's decision to leave the EU sparked one of the most intensive lobbying efforts in recent memory as different sectors fought for government access to help shape the strategy of its most complex negotiations since the end of World War Two.
HSBA.L : Summary for HSBC HOLDINGS PLC ORD $0.50 (UK - Yahoo Finance
HSBC Holdings plc (HSBA.L)
LSE - LSE Delayed Price. Currency in GBp
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|Bid||641.60 x 200000|
|Ask||641.80 x 372700|
|Day's Range||640.00 - 643.10|
|52 Week Range||392.37 - 715.20|
|PE Ratio (TTM)||97.23|
|Dividend & Yield||0.40 (5.00%)|
|1y Target Est||N/A|