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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » HSBC Bank on Verge of Collapse

HSBC Bank on Verge of Collapse

+3
Backstage
Slstock
Hawk Eye
7 posters

Go down  Message [Page 1 of 1]

1HSBC Bank on Verge of Collapse Empty HSBC Bank on Verge of Collapse Mon Jan 27, 2014 1:57 am

Hawk Eye

Hawk Eye
Expert
Expert

Received some bad news from UK & Singapore. Any idea here?

http://iacknowledge.net/hsbc-bank-on-verge-of-collapse-second-major-banking-crash-imminent/

2HSBC Bank on Verge of Collapse Empty Re: HSBC Bank on Verge of Collapse Mon Jan 27, 2014 2:06 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Have not looked into HSBC financials. But there is romour floating around.

We don;t know whether it is to panic shareholders to sell off to induce a crash. You know how manipulators work.

Below is an interesting report ( maybe HSBC is taking steps to stop this panic)
http://www.bbc.co.uk/news/business-25861717

The Sri Lanka HSBC is AAA with outlook stable ( by Fitch in may 2013)

3HSBC Bank on Verge of Collapse Empty Re: HSBC Bank on Verge of Collapse Mon Jan 27, 2014 2:16 am

Backstage

Backstage
Moderator
Moderator

Not a word on WSJ or Bloomberg !

4HSBC Bank on Verge of Collapse Empty Re: HSBC Bank on Verge of Collapse Mon Jan 27, 2014 2:18 am

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Have only your liabilities with HSBC i.e credit cards, loans etc. Interest received is -below par for savings and fixed deposits.

5HSBC Bank on Verge of Collapse Empty Re: HSBC Bank on Verge of Collapse Mon Jan 27, 2014 2:36 am

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics

so need another merge like TFC ?   Very Happy

6HSBC Bank on Verge of Collapse Empty Re: HSBC Bank on Verge of Collapse Mon Jan 27, 2014 3:08 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Nuh.. I highly doubt it..

It sayds, “The People’s Bank of China , the central bank, has just ordered commercial banks to halt cash transfers."
So most probably its an inter-country regulatory autority order ...

HSBC has been the subject last year (or prev. year) due to getting caught in a money laundering scandal (A drug cartal in Mexico) and had paid a huge fine as big as US$ 1.92 billion to U.S. authorities but still going strong.
http://www.reuters.com/article/2012/12/11/us-hsbc-probe-idUSBRE8BA05M20121211

The success I believe, comes from the outsourcing of global back-office work load to other Asian countries for cheap labour. In India, HK, Malaysia, Sri Lanka, China and several other countries they've setup massive buildings to carry out work as BPOs paying 1/3 - 1/5 of the amount compared to the host country same positions.
These centres are run with modern technologies offering a fair amount of fringe benefits to the employees as well. (source - a friend used to work for SL centre)

7HSBC Bank on Verge of Collapse Empty Re: HSBC Bank on Verge of Collapse Mon Jan 27, 2014 4:04 am

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

http://www.bloomberg.com/news/2014-01-16/hsbc-may-overstate-assets-by-92-3-billion-forensic-asia.html

Deferred tax assets (or DTA) are not used for solvency purposes. They exist because the tax rules differ from the accounting rules

For examples accounting rules allow certain expenses to be deferred. But tax rules do not allow this.

So you can get a tax benefit/expense today but you need to spread it. That creates a deferred tax asset/liability

------------------

For solvency purposes the intangible assets/liabilities are not used in the stress test

8HSBC Bank on Verge of Collapse Empty Re: HSBC Bank on Verge of Collapse Mon Jan 27, 2014 4:16 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Article says HSBC need $110 capital ( just a statement)


Okay want to compare CSE size ?

Whole CSE worth is Rs 2.6 Trillion presently. That only $20 billion!

Btw there are about 20 reported Billionaires in the world who can buy CSE totally and just forget it ( hypothetically) . They will still have money left to spend to live comfortably not dependent on CSE.

Maybe there are some people in Sri Lanka ( unofficial) who can buy CSE totally ;-)









rainmaker wrote:http://www.bloomberg.com/news/2014-01-16/hsbc-may-overstate-assets-by-92-3-billion-forensic-asia.html

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