HSBC mulls listing U.K. operations


HSBC (HSBC) has reportedly asked investors if they would support the bank selling up to 30% of its U.K. unit in an IPO that could value the subsidiary at an estimated £20B.

A listing of the business would help HSBC comply with the terms of the incoming Vickers rules, which require U.K. banks to ring-fence their domestic retail banking operations. Increasing capital requirements may also make the flotation logical, while it could unlock shareholder value as well, given investor optimism towards the U.K. and its banking sector.

The news comes as other banks prepare to list subsidiaries in the U.K., including Lloyds, RBS and Santander.

HSBC's shares are +0.4% in London.

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Comments (3)
  • june1234
    , contributor
    Comments (4261) | Send Message
     
    Those the guys busted for laundering cartel $$ while back. ask them they might be interested , its their bank, used to be anyhow
    9 Dec 2013, 08:18 AM Reply Like
  • Klimbim
    , contributor
    Comments (139) | Send Message
     
    June, what a totally stupid comment to make. "Those the guys"
    was a loose cannon branch manager in Mexico, not the bank
    9 Dec 2013, 08:52 AM Reply Like
  • stoj
    , contributor
    Comments (754) | Send Message
     
    So, cutting out the GB loan portfolio from the general stock, is seen as positive. As if, the China portfolio of real estate loans, is any more conservatively valued ? Strange logic, for strange times.
    9 Dec 2013, 11:19 AM Reply Like
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