Company Profiles - HSBC [creditdiagnosis]

Company Profiles - HSBC [creditdiagnosis]

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NAPCO Closes $ 23.5 Million Credit Facility With HSBC, 50% Reduction In Quarterly Principal Payments On Existing Term Loans Of $ 12.5 Million And $ 369000-$ 527000 Estimated Annual Interest Savings On All Debt. Subscribe by RSS · Email/Share Page ... NAPCO Closes .5 Million Credit Facility With HSBC, 50% Reduction In ...

HSBC is an icon in the financial world. It is currently the largest bank in the world. The only real global bank with presence in 83 countries.

Also unique is its British-Hong Kong Origin. The amount of employees is also impressive: 355,000. The president of the bank is: Stephen Green.

The main structure of the organization:

- private banking (90.000 clients)
- investment banking and markets
- corporate accounts
- personal banking
- SME (Small medium enterprises) / Small clients
- Platforms for global products (cards, internet, etc):

This year the bank changed the name of the "corporate, investment banking and markets" division. Instead, the division will be known as "global banking and markets" A similar move that has been adopted by HBS and Barclays.

"The move underscores the change of direction ...

as it abandoned efforts to build up a fully-fledged global investment bank in favor of concentrating on its strengths in fixed income and emerging markets." (FT.com)

This shift in strategy started in 2003 and is said to have been finally implemented in 2008.

Currently Sixty percent (60%) of the income comes from emerging countries.
Exposure to the bad-debt sub prime exposure was about 3.4 billion dollar but the company was able to raise its profits against those from 2006.
The differences with other banks:

"Unlike the big write downs announced by several Wall Street banks, HSBC's loss is related to mortgages it has on its books, rather than investment banking exposure to mortgage-related products. (news.bbc.co.uk/2/hi/business/7093915.stm)

This difference is reflected in the share price of the stock.

Where many other banks have seen their price decline as far as 70% HSBC decline was "only" around twenty percent this year.

H.J.B.

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Question by eitak7616: HSBC closed my credit card account due to inactivity, will this hurt my credit? Best answer for HSBC closed my credit card account due to inactivity, will this hurt my credit?:

Answer by Gone fishin'
Not if it was up to date.

Answer by Tigh
Hurt no, Help no. You should call them and ask to reopen your account. Try to use it once ever 6 months.

Answer by C N
Your score may go down a bit, or may not change at all. You get a higher score anyways when you are actively using the card and repaying it, even if its $ 25 a month. Your score should not be affected by much if any.

Answer by SPIFIMAN1
Depends. Considering that a full 30% of your credit score is based on your credit to debt ratio, if this card had a high limit then your ratio could change a ton and actually lower your score. If on the other hand you had a low limit or have several other cards with high limits and low balances, it could not affect your score at all.

Answer by Tracker
Not enough information. It depends. How long did you have the card for? How much was the limit on it? Did you have a lot of available credit on it, more than on any other card? http://www.myfico.com All of those factors determine your credit score and yes, it could have hurt it.

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