HSBC Holdings (HSBA)

Sector:

Banking

Index:

FTSE 100

663.60p
   
  • Change Today:
      1.70p
  • 52 Week High: 667.70
  • 52 Week Low: 573.80
  • Currency: UK Pounds
  • Shares Issued: 18,877m
  • Volume: 12,266,715
  • Market Cap: £125,268m
  • RiskGrade: 167

HSBC to wind down New Zealand wealth and personal banking business

By Michele Maatouk

Date: Tuesday 13 Jun 2023

LONDON (ShareCast) - (Sharecast News) - HSBC has decided to wind down its wealth and personal banking business in New Zealand.
In a note on its website, the bank said: "Following a strategic review of our Wealth and Personal Banking business in New Zealand, it has become clear that we can no longer justify investing into this business given the changing operating requirements in the market and scalability of the business.

"We have therefore made the decision to wind-down our Wealth and Personal Banking business, which will happen over several years in a phased manner."

HSBC added that it will honour its obligations under any existing agreements, formal Letters of Offer and pre-approval letters. However, there will be changes to its product and service offering with immediate effect.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HSBC Market Data

Currency UK Pounds
Share Price 663.60p
Change Today 1.70p
% Change 0.26 %
52 Week High 667.70
52 Week Low 573.80
Volume 12,266,715
Shares Issued 18,877m
Market Cap £125,268m
RiskGrade 167

HSBC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.95% above the market average91.95% above the market average91.95% above the market average91.95% above the market average91.95% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average
Price Trend
66.70% above the market average66.70% above the market average66.70% above the market average66.70% above the market average66.70% above the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Income
95.49% above the market average95.49% above the market average95.49% above the market average95.49% above the market average95.49% above the market average
86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average
Growth
65.96% above the market average65.96% above the market average65.96% above the market average65.96% above the market average65.96% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 6
Sell 2
Strong Sell 0
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HSBC Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 07-Mar-24 09-Nov-23
Paid 25-Apr-24 21-Dec-23
Amount 31.00¢ 10.00¢

Trades for 26-Apr-2024

Time Volume / Share Price
17:07 3,859 @ 663.57p
16:37 7,010 @ 663.60p
16:37 7,010 @ 663.60p
16:37 7,010 @ 663.60p
16:37 7,010 @ 663.60p

HSBC Key Personnel

CEO Noel Quinn

Top of Page