With HSBC asking for cash injection and closing of its financing arm in US how safe would the bank be?
IT looks the whole banking sector in the world is a mess.
I think very soon people will start keeping the money with them rather thn in the banks.
well we will just wait and watch. When they are planning to raise more than $17bn with a share sale to to prop up their capital, there will be something in that.
Dweller is incorrect: HSBC in Qatar is NOT a franchise.
HSBC Qatar is a Branch of HSBC Bank Middle East Ltd., which is chartered in Jersey. It is (though a series of intemediary holding companies) wholly owned by HSBC Holdings PLC, the top level holding company for HSBC. That being said, it is NOT a branch of the UK HSBC Bank, nor is it a subsidiary of the UK HSBC Bank. The Jersey bank is supervised by the Jersey regulator and the top level holding company is supervised by the UK FSA on a consolidated basis.
Should you take comfort in all of that? I leave it up to you, but it is a part of HSBC in more than name only.
Click on the link to the holding company structure:
Dear Cynbob and Stealth, HSBC is doing fine. And better than most banks in the world. Just closing a division does not mean that the bank is in trouble.
in times of crisis will anyone check whether it is a franchisee or not? When the parent runs into trouble, the people stays away from the franchisee even. Thats waht the boycott naysayers were saying - we are only franchisees. did anyone ever listen to that reasoning?
First it brings up its minimum balance to 8000/- Qar per month, Second its ATM card doesnt work in any other ATM's other than its own and now THIS....!!! R v goin 2 c the "The Fall of HSBC" --- World's local BANK???
The AIS which insures loans and credit of banks internationally just posted a quarterly loss of 64 billion US $. The US government jumped in with a 30 Billion US $ 'bail-out'. If AIS goes down, most internationally operating banks will loose their insurances on default credits.
Qatar's winter months are brimming with unmissable experiences, from the AFC Asian Cup 2023 to the World Aquatics Championships Doha 2024 and a variety of outdoor adventures and cultural delights.
Fasten your seatbelts and get ready for a sweet escape into the world of budget-friendly Mango Sticky Rice that's sure to satisfy both your cravings and your budget!
Celebrate World Vegan Day with our list of vegan food outlets offering an array of delectable options, spanning from colorful salads to savory shawarma and indulgent desserts.
for the clarification Hagar. It's obviously changed since it was opened in Qatar.
well we will just wait and watch. When they are planning to raise more than $17bn with a share sale to to prop up their capital, there will be something in that.
Dweller is incorrect: HSBC in Qatar is NOT a franchise.
HSBC Qatar is a Branch of HSBC Bank Middle East Ltd., which is chartered in Jersey. It is (though a series of intemediary holding companies) wholly owned by HSBC Holdings PLC, the top level holding company for HSBC. That being said, it is NOT a branch of the UK HSBC Bank, nor is it a subsidiary of the UK HSBC Bank. The Jersey bank is supervised by the Jersey regulator and the top level holding company is supervised by the UK FSA on a consolidated basis.
Should you take comfort in all of that? I leave it up to you, but it is a part of HSBC in more than name only.
Click on the link to the holding company structure:
http://www.hsbc.com/1/PA_1_1_S5/content/assets/about_hsbc/hsbc_group_structure_chart_dec07.pdf
Dear Cynbob and Stealth, HSBC is doing fine. And better than most banks in the world. Just closing a division does not mean that the bank is in trouble.
MD it is AIG not AIS!!
did you read todays newspapers Hasan?
Read the article in the link I posted.
And as far a HSBC being "one of the more secure banks these days" is NOT saying much!
HSBC is one of the more secure banks these days. I do not believe it is ailing.
This is what's happening with HSBC at home--
US
http://money.cnn.com/2009/03/02/news/international/HSBC_jobcuts/index.htm?postversion=2009030212
in times of crisis will anyone check whether it is a franchisee or not? When the parent runs into trouble, the people stays away from the franchisee even. Thats waht the boycott naysayers were saying - we are only franchisees. did anyone ever listen to that reasoning?
that HSBC Qatar is not fully owned by the parent HSBC. It's only really a franchise.
First it brings up its minimum balance to 8000/- Qar per month, Second its ATM card doesnt work in any other ATM's other than its own and now THIS....!!! R v goin 2 c the "The Fall of HSBC" --- World's local BANK???
HSBC down 70%.
The AIS which insures loans and credit of banks internationally just posted a quarterly loss of 64 billion US $. The US government jumped in with a 30 Billion US $ 'bail-out'. If AIS goes down, most internationally operating banks will loose their insurances on default credits.
they could be dying for all we know.. :P
Correct. And as a result of the cash being withdrawn banks will really collaps. (1929 and 1986)