HSBC investors bought 96.6 percent of the shares offered in its record 12.9 billion pound ($18.9 billion) rights issue, Europe's biggest bank said on Sunday.
HSBC investors bought 96.6 percent of the shares offered in its record 12.9 billion pound ($18.9 billion) rights issue, Europe's biggest bank said on Sunday.
Shares of HSBC vaulted over 15 percent in Hong Kong in their biggest daily advance in five months on Thursday, joining a global bank rally spurred by encouraging U.S. data and an expected easing of accounting rules.
Shares of HSBC vaulted more than 10 percent to a one-month high on Thursday, feeding off a rally in Wall Street banks, spurred by encouraging U.S. homes sales and an expected loosening in accounting rules.
Asia's banks are likely to step in with loans and boost their presence across the region as the credit crisis has forced big Western rivals to retreat.
Hong Kong shares jumped 4.4 percent in its fourth day of gains on Friday, leading the main index to its best weekly rise in a month and a half, with China stocks outperforming as investors continued to cheer hints of economic recovery in the mainland.
HSBC shares volatile ahead of $18 billion rights issue
Europe’s biggest, HSBC, remains volatile ahead of $18 Billion rights issue after shares fell by 24 percent when large investors shorted the stock ahead.
HSBC shares hit a 13-year low on Monday, plummeting more than 13 percent as large investors shorted the stock on hopes that the price would slide further after the rights issue.
HSBC Holdings Plc, the largest European bank, on Monday announced it would initiate a rights offering to raise 12.85 billion pounds ($17.7 billion) as it copes with heavy losses in the United States.
HSBC launched Britain's biggest rights issue, raising 12.85 billion pounds ($18.1 billion) on Monday to help it overcome big losses in the United States and exploit the woes of weaker rivals.
HSBC launched Britain's biggest rights issue on Monday, to raise 12.85 billion pounds ($18.3 billion) to help it overcome big losses in the United States and exploit the woes of weaker rivals.
Britain's leading share index fell 3.6 percent early on Monday, extending the previous session's sharp fall, with HSBC leading banks lower after it offered a deep discount rights issue.
HSBC launched a 12.5 billion pound ($17.7 billion) rights issue on Monday to shore up its balance sheet after annual profit more than halved and as bad debts soared in the United States.
HSBC launched a 12.5 billion pound ($17.7 billion) rights issue on Monday to shore up its balance sheet after annual profit more than halved and as bad debts soared in the United States.
HSBC launched a 12.5 billion pound ($17.75 billion) rights issue on Monday to shore up its balance sheet after annual profit fell and as bad debts soared in the United States.
Insurer AIG is set to take a $30 billion lifeline from the U.S. government and HSBC plans to raise up to $18 billion to counter a crisis that is punishing companies and crippling international trade.
HSBC will be cutting back its US consumer finance operations, the U.K. bank will announce on Monday, according to a report.
British banking giant HSBC will try to raise $18 billion to quell investor concerns as a worsening global economy punished famed investor Warren Buffet's Berkshire Hathaway with a 96 percent plunge in profits.
British banking giant HSBC will try to raise $18 billion to quell investor concerns as a worsening global economy punished famed investor Warren Buffet's Berkshire Hathaway with a 96 percent plunge in profits.
Britain's HSBC is set to announce a share sale of up to $18 billion, two sources familiar with the situation said on Saturday, in what could become the country's biggest-ever rights issue.
HSBC , Europe's biggest bank, plans to raise more than 12 billion pounds ($17 billion) in a share sale aimed at propping up its capital base during the global economic crisis, the Financial Times reported on Saturday.
HSBC , Europe's biggest bank, plans to raise more than 12 billion pounds ($17 billion) in a share sale aimed at propping up its capital base during the global economic crisis, the Financial Times reported on Saturday.
