|Bid||520.00 x 0|
|Ask||549.00 x 0|
|Day's range||521.90 - 545.40|
|52-week range||434.70 - 653.80|
|Beta (5Y monthly)||0.62|
|PE ratio (TTM)||8.90|
|Earnings date||02 May 2023|
|Forward dividend & yield||0.27 (5.01%)|
|Ex-dividend date||02 Mar 2023|
|1y target est||7.26|
HSBC has moved its head of markets in Greater China, Justin Chan, to become an adviser to its co-CEOs in Asia Pacific, according to an internal memo seen by Reuters on Friday. HSBC veteran Chan will take up his new role at the start of next month, the memo said, which was signed by the bank's Asia Pacific co-CEOs David Liao and Surendra Rosha as well as its head of markets in Asia Pacific, Monish Tahilramani.
UK bank shares are still trading lower after the SVB and Credit Suisse failures, but they are stronger than in 2007 and for me look like a bargain. The post UK bank shares still look cheap after SVB and Credit Suisse fallout appeared first on The Motley Fool UK.
The British arm of Silicon Valley Bank (SVB UK) has seen hundreds of millions of pounds of deposit inflows in the wake of its £1 rescue takeover by HSBC. Sky News understands that SVB UK's deposit base now stands at over £7bn - 10 days after Europe's biggest lender agreed to buy the business in a deal orchestrated by the Bank of England. Figures provided by the central bank and published by the Treasury Select Committee this week showed nearly £3bn of deposits were withdrawn from the technology-focused bank between 9 and 10 March.