Thousands Of HSBC Britain Customers Left Stranded By Online Banking Outage: Report
Portfolio Pulse from Lekha Gupta
Thousands of HSBC Holdings plc customers in Britain faced an online banking outage, affecting access to their accounts and bill payments. The outage was reported by over 7,000 customers. HSBC recently acquired Citigroup Inc.'s retail wealth management portfolio in China. HSBC shares have gained 12% in the last 12 months.
June 28, 2024 | 12:24 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Trust For Professional Managers ActivePassive International Equity ETF provides exposure to HSBC, which faced a recent online banking outage.
The ETF's exposure to HSBC might cause minor fluctuations, but the overall impact is expected to be limited.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Investors can gain exposure to HSBC through the Dimensional International Value ETF, which may see minor fluctuations due to the recent outage news.
The ETF's exposure to HSBC might cause minor fluctuations, but the overall impact is expected to be limited.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
HSBC faced an online banking outage affecting thousands of customers in Britain. Despite this, HSBC shares are up 0.55% premarket and have gained 12% in the last 12 months.
The outage could cause short-term customer dissatisfaction, but the stock's recent performance and premarket gain suggest limited immediate impact on share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
HSBC recently acquired Citigroup Inc.'s retail wealth management portfolio in China. This acquisition is part of HSBC's strategy to stabilize its Asia-focused operations.
The acquisition aligns with HSBC's strategic goals in Asia, potentially benefiting both HSBC and Citigroup in the long term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50