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 June 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.
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.