Sources deny HSBC IPO plans


While HSBC did consider a float of its U.K. operations in wake of the financial crisis, people familiar with the matter deny the bank is currently in the process of prepping an IPO, reports the WSJ.

Among the issues: HSBC already has plenty of liquidity looking to find a good investment home, so what would be the plan to profitably invest the proceeds of a sale?

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Comments (1)
  • vtorch
    , contributor
    Comments (314) | Send Message
     
    For a while, I thought these executives may actually be doing the right thing by shareholders. But no, these fat cats are sitting too comfortably in London collecting their fat pay checks that they won't do it.
    9 Dec 2013, 11:58 AM Reply Like
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