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Covid-19: HSBC / SC - Dividends & Results

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  1. #81

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    Quote Original Post:
    Not my area but from a quick read: It's not one of the excluded claims so I don't see why not. Max amount is HK$75,000.

    Practically speaking, I suspect the small claims court would kick it upstairs and, even if they didn't, HSBC would appeal any judgement.
    I know plenty of old retired folks.... will suggest this to them for shits and giggles. Many of them have been through a lot of pain as HSBC customers (no clue why they buy shares in an institution they love to hate!).

  2. #82

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    If you are looking for a fixed amount of income from these companies, buying their fixed term bonds makes much more sense than the equity.

    This retail bond platform has been loading up on high quality credits who recently have been priced to give a good yield, including HSBC (currently yielding 4.5%), StanChart (4.2%), and Goldman Sachs (3.1%), and many others (M&G has rallied by more than 10% in two weeks)...

    https://www.wisealpha.com/?ref=JqYLg0mx6bKREyV


  3. #83

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    @GentleGeorge - We're digressing... but does it not make more sense to seek fixed income from bonds, via ETFs as opposed to what I think is a fairly unregulated platform with very little clout (compared to say Blackrock)?


  4. #84

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    Good question... I have about the same amount of cash with these guys that I have with IB and I worry a tiny bit about counterparty risk in both cases.


  5. #85

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    https://www.ft.com/content/f2e746e0-...5-d3c9ebead3c5

    Moved to preserve Rule of Law, amongst other things
    mrgoodkat likes this.

  6. #86

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  7. #87

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    Quote Original Post:
    No, but I am behind the call that informs the CEO that in most circles either seppuku or cold hard cash is the only form of sincere apology.

    https://geoexpat.com/forum/155/threa...ml#post3711962
    GentleGeorge likes this.

  8. #88

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    You know, instead of frothing at the mouth, you can read the PRA letter to the banks as it is in the public domain. It wasn’t so much a ‘request’ as it was a ‘I believe you will be agreeable to our arrangement lest you meet with an unfortunate accident’ *hint hint* mafia-style demand:

    https://www.bankofengland.co.uk/prud...d-cash-bonuses


  9. #89

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    Read that ... and I personally think the banks should not have been that subservient and in the interest of being transparent, should have responded Link REIT style.

    But its ok... I'll thank BoE for saving HSBC from shooting itself in the family jewels. God knows their board is fully capable of doing that even during normal times.


    The Link Reit says its primary social responsibility is to provide “sustainable returns to its unit holders” in response to a strongly worded reminder from Chief Executive Leung Chun-ying that the company should serve the needs of public housing tenants.

    The listed real estate investment trust also says it is not a monopoly, despite comments by Leung in an exclusive interview with the Post alluding to such a status.

    “The Link Reit’s primary social responsibility is to provide sustainable returns to its unit holders through the provision of commercial properties which attract tenants to operate in and shoppers to visit,” a spokeswoman for the company said. “Accordingly, we have achieved very positive results.”
    https://www.scmp.com/news/hong-kong/...de-sustainable

  10. #90

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    Quote Original Post:
    Read that ... and I personally think the banks should not have been that subservient and in the interest of being transparent, should have responded Link REIT style.

    But its ok... I'll thank BoE for saving HSBC from shooting itself in the family jewels. God knows their board is fully capable of doing that even during normal times.




    https://www.scmp.com/news/hong-kong/...de-sustainable
    The BoE has real teeth, unlike Curry Lamb.

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