Posts Tagged ‘hsbc’

HSBC to Pullout of US Lending; Trading Suspended in Hong Kong

Sunday, March 1, 2009 21:08 4 Comments

HSBC requested that trading of its shares be suspended in Hong Kong ahead of an “announcement of a corporate action.” The company is expected to announce the divestment of its US consumer lending business. Shares are expected to begin trading again on Tuesday.
In 2003, HSBC purchased the US consumer lending firm Household International Inc. [...]

This was posted under category: Credit, Economy, HBC Tags: , , , , , , ,

Review of 2008 Predictions a la Wall Street’s “Finest”

Tuesday, November 25, 2008 21:35 No Comments

As of 01/02/2008 the the year price target on the S&P 500 set by the Chief Investment Strategists at the major investment banks are as follows:
Strategist Year End Price Target
Citigroup                                   1675
HSBC                                          1700
Credit Suisse                              1650
Bank of America                         1625
UBS                                             1700
Morgan Stanley                           1525
Bear Stearns                                1700
Goldman Sachs                           1675
JP Morgan                                    1590
Lehman Brothers                         1630
Wachovia                                     1590
Merrill Lynch                                1525
Average 1632
Average [...]

This was posted under category: 2008 Crash, BSC, Bear Market, C, Charts, Citigroup, Crash, ETF, Economy, Finance, Great Depression, LEH, MER, MS, NASDAQ, Recession, S&P 500 Index, Stock Market, Technical Analysis, VIX Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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