banks is reportedly considering buying back some of its shares for the first time in its history , once it meets all regulatory compliance requirements . The equity shares have risen 30 % from a year ago and are currently trading below the lender ’s asset value at just three times price to book , leading its management to consider this buy - back strategy so as to quell corporate shareholders who are increasingly unhappy with its share performance and mounting provisions for restructuring .
HSBC is reportedly considering buying back some of its shares for the first time in its history, once it meets all regulatory capital requirements. The banks shares have tumbled 30% from a year ago and are currently trading below the lender’s asset value at just 0.66 times price to book, leading its management to consider this buy-back programme so as to quell disgruntled shareholders who are increasingly unhappy with its share performance and mounting provisions for lawsuits.