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HSBC looks to rising interest rates to bolster share price amid Ping An revamp push
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LONDON — HSBC, Europe’s largest bank, is counting on rising interest rates to help revive its share price after a sluggish decade — and to fend off an attack from its biggest shareholder.
The British bank has for years asked investors for patience as it retrenches from some major markets and sharpened its focus on Asia. That strategy has kept the bank’s finances steady — but it has also kept a lid on profits and depressed its stock. HSBC’s share price in Hong Kong remains roughly a third of its 2007 peak.
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Read more on fnlondon.comAbout this in other media
Markets warn sterling slump could lead UK interest rates to triple by next year theguardian.com /2 years ago
House sellers ‘putting up prices despite rate rises and cost of living crisis’ theguardian.com /2 years ago
Energy price rises: what will happen to UK households on 1 October? theguardian.com /2 years ago
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