View more on these topics

HSBC looks at £20bn listing for UK arm

HSBC has opened talks with investors regarding a possible listing of its UK business, according to the Financial Times.

The bank has asked investors if they would support such a move and has also held informal discussions at board level.

It is believed the bank plans to list a minority stake of up to 30 per cent in the UK retail and commercial banking business, which estimates say could generate a market capitalisation of around £20bn.

The news comes alongside plans to list by other UK banks including Lloyds Banking Group – which is preparing to float its TSB subsidiary next year – and Royal Bank of Scotland, which is planning a 2015 flotation of its Williams & Glyn unit.

The newspaper says the move by HSBC would help satisfy new requirements to ringfence retail and investment banking operations.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Perhaps it also indicates a move away from UK and EU banking.

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com