HSBC consults investors over sale of UK arm

The UK’s fourth biggest high-street bank, HSBC, has met with investors to discuss the sale of a major stake of the UK arm of the business.

The move would see a percentage of the commercial and retail banking operations floated on the stock market.

It is thought that a float of around 30% of the business could see a market capitalisation of £20bn.

In recent weeks, the bank has spoken to investors about whether they would support the sale, and the issue has been formally discussed at board level, according to the FT.

The sale could help the bank prepare for regulatory issues imposed under the incoming Vickers rules, which demand that banks ringfence their domestic retail banking operations.  

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Readers' comments (1)

  • How many Board Directors of HSBC Holdings Plc work with this government???

    Mr Douglas Flint Chairman of HSBC appointed by the Chancellor of the Exchequer as an Independent member of the Financial Services Trade and Investment Board on a pro bono basis. To strengthen the UK's performance in financial services at home and abroad."

    Ms R A Fairhead, Non-executive member of the board of the UK Government's Cabinet Office.
    Mr S H Laidlaw Lead Non-executive Board Member of the UK Department of Transport.

    What did the above three Directors do to stop the criminal and illegal behaviour of the HSBC Group????

    Should any society have to understand a Government that has taken no action, against a Bank that has committed illegal and criminal behaviour for over ten years.

    Please google the following

    SEBI issues show cause notice to HSBC for cheating Suchitra Krishnamoorthi

    Will SEBI deliver a landmark order on mis-selling by banks?

    Prosecutor: HSBC knows we're watching

    You may also like Google: How much longer can the FM, RBI ignore HSBC in India? - Moneylife

    People should go to youtube: 1) How HSBC Chairman Mr Flint lied to shareholders. 2) Protest against HSBC in Mumbai. 3) Help Stop Bankers Cheating.

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